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F1 and Speed channel splitting after this season

Updated: October 12, 2012, 12:26 PM ET
Associated Press

CHARLOTTE, N.C. -- The cable sports channel Speed will no longer air Formula One races after this season, ending a 17- year partnership.

Fox Sports Media Group, which owns Speed, confirmed Friday that the partnership will end after this season. The network indicated it was outbid for the U.S. broadcast rights.

"It's disappointing to learn that F1 has elected to move forward with a different media partner," Fox Sports Media Group said in a statement to The Associated Press.

F1 ...

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