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flag Liberty Media, parent company of Formula 1, reports strong Q3 earnings amid CEO transition and DOJ investigation.

flag Formula 1's parent company, Liberty Media, reported strong Q3 2024 financials, including a revenue of $861 million and operating income of $110 million. flag CEO Greg Maffei, who led the acquisition of F1 in 2017, is stepping down by year-end, with John Malone taking over interim leadership. flag Liberty Media faces a DOJ investigation over denying Andretti Global's bid to join F1, while also expanding into MotoGP.

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