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BBC terminates F1 contract, Channel 4 takes over
The BBC has announced that it has terminated its contract to cover Formula 1, opening the door for the sport to move across to Channel 4. Following increased speculation over the past week, the BBC announced on Monday that it had 'reluctantly' had to abandon coverage of the sport. Channel 4, meanwhile, confirmed a three-year deal to become the home of F1 in the UK. Barbara Slater, BBC director of sport, said: "The current financial position of the BBC means some tough and unwanted choices have to be made." The BBC had to save £150 million as part of a costs cutting drive – with £35 million of those savings coming from its sports division. Slater added: "A significant...
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