Liberty Media is on track to lose around $130.9 million in annual revenue if it doesn’t renew or replace five Formula One auto race contracts which expire this year according to new research. In Liberty’s first year F1 made $37 million operating loss which was down from a $47 million profit in 2016. It was followed by $601.2 million from television broadcasters and $608.3 million that event organizers pay for the rights to host F1 races. Over the decade to 2018, F1’s TV audience worldwide reversed by 18.3% to 490 million as the number of Pay TV stations showing F1 surged. What could be worse than five race contracts expiring this year?

Source: Forbes February 28, 2019 10:14 UTC