Originally Posted by M_Six
Fox probably low-balled F1 and Bernie gave them the finger.
What's interesting is the tweet from JennaFryer
says they were outbid. But the quote from Fox says "a fiscally responsible bid" (i.e. low-balled)
"It's disappointing to learn that F1 has elected to move forward with a different media partner. SPEED had been the US voice of F1 since the mid '90s, and it was a passion for many people at the network. FOX Sports Media Group made what we believed to be a fiscally responsible bid based on the sport's current viewership levels, but F1 has elected to go in another direction. We wish them well." - FOX Sports Media Group spokesman