Ben Rumsby .... Channel 4 take over F1 FTA from 2016
BBC Sport is to "reluctantly" end its Formula 1 television contract three years early as part of savings across the corporation.
The BBC's F1 broadcast rights will cease from next season.
"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.
However, BBC Radio 5 live has extended its commentary rights for F1 until the 2021 season.
BBC Sport broadcast 10 live races of Briton Lewis Hamilton's world championship-winning season in 2015 with a one-hour build-up to each grands prix. It also offered extensive highlights of the nine other races.
But as part of a £150m gap in the corporation's finances from next year, BBC Sport was asked to deliver £35m of savings.
"A significant chunk of BBC Sport's savings target will be delivered through the immediate termination of our TV rights agreement for Formula 1," added Slater.
"Any decision to have to stop broadcasting a particular sport or sporting event is hugely disappointing and taken reluctantly.
"There are no easy solutions; all of the options available would be unpopular with audiences."
BBC Sport regained F1 rights from ITV in 2009 but - in another cost-saving move - had been sharing the broadcast rights with Sky Sports since the 2012 season.
"These are very challenging times for the BBC and sport is not immune to those financial pressures," added Slater.
21-Dec-2015 @ 11:08
Channel 4 and Formula One™ agree new three-year deal for 2016-2018
Channel 4 to broadcast 10 races per season live – with highlights of all 21 races
Live races to be broadcast without advertising breaks
Channel 4 will be the terrestrial home of the FIA Formula One World Championship™ from 2016-2018 in a new deal agreed today with Formula One World Championship Limited.
Channel 4 will broadcast 10 live Formula 1® races, including practice and qualifying sessions, in each of the three FIA Formula One World Championship™ seasons from 2016 to 2018. It will also broadcast comprehensive highlights of all 21 Grands Prix and qualifying sessions – including those shown live by Sky Sports F1®. All of the live coverage and highlights will be broadcast free-to-air and in high definition.
Reflecting Channel 4’s track record for innovation in sports broadcasting, in a first for a UK terrestrial commercial broadcaster, no advertising breaks will be taken through the duration of the live races.
21-Dec-2015 @ 11:12
Last edited by DVB Cornwall on 21 December 2015 11:12am - 2 times in total