The days of Formula One taking millions from deep-pocketed nations with little history in car racing to stage Grand Prix events may be over. New owner Liberty Media Corp wants to end a “deal-of-the-day” mentality to focus on key markets, including the US and Europe.

European cable operator Liberty Global said yesterday it had raised its stake in ITV to 9.9% through a hedging deal — but still had no intention of taking over Britain’s biggest free-to-air commercial TV firm.

US cable group Liberty Media Corp has acquired a further 9.15% voting interest in Rupert Murdoch's

Liberty Media Corp is still interested in bidding for Deutsche Telekom AG's six regional cable businesses, said the Frankfurter Allgemeine Zeitung, citing the US company's chief executive Robert Bennett.