SPEED can't catch a brake (get it?) lately. First, they lost the rights to F1 coverage in the US. Then it was announced they'd be rebranded as Fox Sports 1 and lose their motorsports focus. Today, a naked man broke into the cable channel's headquarters and trashed the place. Rough.

For months, we've known that the only dedicated auto racing network in the world, SPEED, was not long for this earth. Ever since the first rumors of a News Corporation owned ESPN rival popped up, it had been obvious that the channel to be known as Fox Sports 1 would take the well distributed SPEED's place in cable…

Well, it was fun while it lasted. As we have known for some time, the motorsports-only SPEED network is on the way out so parent company Fox can replace it with a general sports network that they hope will compete with ESPN. Now we know that network's name: Fox Sports 1.

Just when you thought reality TV couldn't get any dumber, SPEED decided that it would be a good idea to cast a younger, thinner version of Larry the Cable Guy to host a drag racing show.

Last week, we received word that SPEED had lost the rights to Formula One to NBC after having the series on the network for 17 years. Parent company FOX said that SPEED made a "fiscally responsible" bid to keep the series for 2013 and beyond. But today FOX announced they extended their NASCAR coverage for eight more…

Earlier today, we learned the SPEED will be losing coverage of Formula One next year after 17 straight years of bringing the races to America.

What would the world be like if SPEED, the all-motorsports channel, were converted into another all-general sports network. I haven't even included a question mark on that sentence, because we all know the answer: It would be a little more lame.

Another day. Another Barrett-Jackson controversy involving a president. This weekend the famous classic car auction helped raise $950,000 for a Marine veteran's project for wounded warriors. The only problem? The money isn't going to the highly-regarded charity, the Wounded Warrior Project (WWP).

From Matt Farah, the now-former co-host of — "The Car Show" — a now-deceased Speed TV show seen by countless dozens of Americans:

Questionable programming decisions have made Speed the television network equivalent of bacon-flavored tampons. So it's news when they make a great choice like broadcasting the Bathurst 1000 V8 Supercars race on October 8th.