Broadcasting accounts for 35% of Formula One’s annual revenues of more than $1.8 billion. Liberty Media is looking to expand the number of Formula One races, hoping to cash in on the glamorous appeal of its newly acquired asset, chief executive Greg Maffei said on Wednesday. Maffei is the immediate boss of Formula 1’s CEO Chase Carey, and also oversees the company’s other major investments, including the Atlanta Braves baseball team and the Sirius XM radio network. The Formula One Group, led by CEO Chase Carey, suffered a steep drop in first-quarter revenue and expects live TV races to resume in July without fans in the stands. In a call with investors, Liberty Media Chief Executive Officer Greg Maffei said the move reduces the risk to investors by separating two companies -- Formula One and Live Nation -- … The company run by president and CEO Greg Maffei has completed its $4.4B acquisition of the global motorsports business, whose parent company is Delta Topco, and Formula 1 … As we recently reported, F1's owner Liberty Media has had to advance money to some of the teams to keep their wheels turning and its chief executive Greg Maffei said "there are … Liberty Media's President and CEO, Greg Maffei and Formula 1's Chairman and CEO, Chase Carey will be appearing on the CNBC television program “Squawk Box” … Formula 1 parent company head says starting season in Western Europe with no fans is most likely scenario. Liberty Media's President and CEO, Greg Maffei and Formula 1's Chairman and CEO, Chase Carey will be appearing on the CNBC television program "Squawk Box" from 7:00 am ET to 9:00 am ET on Tuesday, January 24, 2017 to discuss the completion of the acquisition in more detail. Formula 1® racing began in 1950 and is the world’s most prestigious motor racing competition, as well as the world’s most popular annual sporting series: The 2019 FIA Formula One World Championship™ runs from March to December and spans 21 races in 21 countries across four continents. LMAC will be led by Liberty Media CEO Greg Maffei, and significantly Liberty's ownership interest in it "will be attributed to the Formula One Group tracking stock," creating a … Liberty Media's President and CEO, Greg Maffei and Formula 1's Chairman and CEO, Chase Carey will be appearing on the CNBC television program “Squawk Box” from 7:00 am ET to 9:00 am ET on Tuesday, January 24, 2017 to discuss the completion of the acquisition in more detail. Maffei has said that Formula One should also do more to increase revenue from sponsorship.