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