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Mediapro Plans 24-Hour Formula 1 Channel for Latin America

Spanish television-production company Mediapro plans to start a regional 24-hour Formula One channel after acquiring the series’ rights for most of Central and South America and the Caribbean.

Barcelona-based Mediapro said in an e-mailed statement it bought the free-to-air and pay-TV rights for the regions, excluding Brazil, from 2015 to 2019, without disclosing financial terms. Venezuela’s Pastor Maldonado and Mexico’s Sergio Perez are among Formula One’s 22 race drivers. Mexico is seeking to host a race in 2015.