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BBC confirms it is dropping F1 coverage, Channel 4 steps in
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The BBC has confirmed it will no longer broadcast Formula One as part of a cost saving initiative, with Channel 4 taking over the rights in the UK. Having originally held full exclusive rights to cover F1 in the UK since 2009, the BBC agreed to share with Sky Sports from 2012 in order to cut costs, retaining just half of the races live. However, BBC Sport has been asked to save £35million from 2016 and has terminated its contract to broadcast F1 as it represents a large percentage of the required saving. "The current financial position of the BBC means some tough and unwanted choices have to be made," said Barbara Slater, the BBC's director of sport....
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