Quote:
Originally Posted by Mike Harte
As the old saying is told, what goes round, comes round. CVC , now Liberty, gets top dollar for the broadcasting rights from SKY, who in turn, certainly in the UK, charge a hefty premium to Liberty (Virgin Media) to show F1 on their cable feed.
Result; Liberty is the loser because they are having to buy back what already belonged to them!
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Why would Liberty be charged a hefty fee by Sky, that makes no sense. Surely Liberty charge a hefty fee to Sky, who in turn pass that on to the customer in the form of a subscription? Originally, Bernie setup F1's TV rights, so that broadcasters would have to pay FOCA to show GPs, not FOCA pay the broadcasters.