(FILE PHOTO) US Media Firm Liberty Media is set to buy Formula 1 for $4.4bn/£3.3bn. Bernie Ecclestone is due to remain as chief executive with Chase Carey, vice-chairman of 21st Century Fox to become the new chairman. SUN VALLEY, ID - JULY 11: Chase Carey, President, Chief Operating Officer and Deputy Chairman of News Corporation, attends the Allen & Co., annual conference on July 11, 2013 in Sun Valley, Idaho. The resort will host corporate leaders for the 31th annual Allen & Co. media and technology conference where some of the wealthiest and most powerful executives in media, finance, politics and tech gather for a weeklong meetings which begins Tuesday. Past attendees included Warren Buffett, Bill Gates and Mark Zuckerberg. (Photo by Kevork Djansezian/Getty Images)
