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BBC to lose F1?
Faced with the need to reduce its spending, the BBC may need to drop live coverage of F1. The broadcaster, whose estimated £5bn annual revenue is largely made up of a compulsory tax on viewers courtesy of a licence, needs to cut £35m from its sport budget. 'Meeting this savings target will be tough, particularly given the high levels of inflation in the market,' said the corporation's sports chief Barbara Slater. 'We therefore anticipate this will lead to the loss of some existing rights and events. 'We have already made some tough choices which have contributed to the savings, for instance around the Open golf,' she added. 'However, we have also recently secured a series of...
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