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BBC cut ties with Formula 1
The British Broadcasting Corporation has ended its television contract with Formula 1 with immediate effect. The BBC had a contract to air until 2018 but have decided to end their contract earlier in an attempt to address the £150 million shortfall in the 2016 budget. Barbara Slater, the BBC's director of sport, revealed that it was not a decision that was taken lightly. 'The current financial position of the BBC means some tough and unwanted choices have to be made,' Slater told the BBC. 'A significant chunk of BBC Sport's savings target will be delivered through the immediate termination of our TV rights agreement for Formula 1. 'Any decision to have to stop...
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