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Also worth adding that IMO Liberty have a much smaller window to make big money out of F1, undoubtedly BE and CVC have had the best paydays out of it. When Liberty bought F1 they remarked that the purchase price was pretty much covered in the forward contracts that FOM had with promoters, TV and sponsors. When they come up for renewal I would suggest that from then on it will be a diminishing return, hence Liberty's desire to explore what they see as untapped revenue streams.
When you consider that in 30-40 years time, there will be no internal combustion engine powered road cars and many major cities and even countries will have banned such cars from the road altogether. Race circuits will probably be obselete as they are now, with many built on as pressure for housing increases (particularly in the UK) and the trackday, corporate day, club racing bread and butter market for tracks is over.
Young people in the era will probably not bother to learn to drive, cities will have driverless cars and transport.
Electric car technology will be here and now, manufacturers will not need to 'showcase' to show the benefits of it.
F1 might become FE1 with the futuristic cars that we have seen some of the F1 teams show us renderings of, but I doubt it will ever big as big as it even is now and today it faces falling audiences and in many countries spectators.
Liberty probably has 20 years to maximise it's investment against a backdrop of contract renewals from TV and promoters, many of whom will demand a cheaper deal or walk away. It may well face having to be the promoter of F1 races at many circuits, with the tracks reverting to landlord for the weekend.
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