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As we first reported last October, it appears that the Speed channel – currently offered in more than 80 million homes in North America – will likely be rebranded as Fox Sports 1 late this summer. The renaming will allow Fox to broaden the channel's focus and air content from its Major League Baseball and National Football League contracts. A more general sports format will also position Fox more aggressively against ESPN and its various sports channels.

There is no word as to what the network plans to do with Speed's 75,000 square-foot facility in Charlotte, North Carolina, but its current renovation may be part of the plan to turn it into an anchor desk for Fox Sports 1.

Pending an official announcement from Fox, there has been no mention as the to fate of Speed's automotive content – both The List and Translogic, AOL's programming, currently appear on the Speed.