[Updated] France has become the latest major European market for Formula 1 to switch to a Pay TV model, as Canal + snapped up the rights starting this season. The 11th hour deal is exclusive, which means that long time free-to-air broadcaster TF1 is out of F1 after many years of association and it is another nail in the coffin for Free to Air broadcasters as purveyors of premium live sports. It also means that three of Europe’s largest markets for F1 coverage are now under the control of Pay TV, following the UK which switched to Sky in 2012 More…