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The BBC has secured the television rights to show Formula One in the UK from the 2009 season.
The five-year deal marks the return of the sport to BBC screens 12 years after ITV began broadcasting Grands Prix.
Formula One supremo Bernie Ecclestone said: "I am delighted to conclude this new deal with the BBC.
"It is an exciting time in Formula One and the BBC has some innovative new ideas to consolidate and expand our UK fan base."
The deal covers all platforms and will see F1 broadcast on the BBC Sport website, as well as on TV and radio.
Dominic Coles, BBC Sport director of sport rights, said: "The biggest motorsporting event in the world is returning home after 12 years.
"We were delighted when Bernie Ecclestone approached us about the return of F1 to the BBC.
"F1 is a crown jewel of sports broadcasting, so to bring the rights back to their traditional home from 2009 is tremendously exciting.
"Fans will be able to enjoy uninterrupted, state of the art and innovative coverage from BBC Sport, across all of our TV, radio and new media platforms, for the first time since 1996."
The five-year deal marks the return of the sport to BBC screens 12 years after ITV began broadcasting Grands Prix.
Formula One supremo Bernie Ecclestone said: "I am delighted to conclude this new deal with the BBC.
"It is an exciting time in Formula One and the BBC has some innovative new ideas to consolidate and expand our UK fan base."
The deal covers all platforms and will see F1 broadcast on the BBC Sport website, as well as on TV and radio.
Dominic Coles, BBC Sport director of sport rights, said: "The biggest motorsporting event in the world is returning home after 12 years.
"We were delighted when Bernie Ecclestone approached us about the return of F1 to the BBC.
"F1 is a crown jewel of sports broadcasting, so to bring the rights back to their traditional home from 2009 is tremendously exciting.
"Fans will be able to enjoy uninterrupted, state of the art and innovative coverage from BBC Sport, across all of our TV, radio and new media platforms, for the first time since 1996."