The outgoing CEO of Formula One’s owner, Liberty Media, does not think there is “any plan to sell” the racing series, saying it has a “great future.” Liberty announced on Wednesday that Greg Maffei, who has served as its CEO for 19 years, will step down from his role at the end of the year upon the expiration of his contract.

Charter Communications ’ long-awaited deal to buy Liberty Broadband in an all-stock transaction looks like a win for Charter investors. Charter effectively will buy Liberty Broadband, whose main asset is a roughly 26% stake in the country’s second-largest cable company,

Liberty Broadband is the largest shareholder in Charter, the largest U.S. pay TV provider, which does business under the Spectrum brand. Its major assets include about 45.6 million shares in Charter as well as Alaskan telecommunications company GCI,