From the Times
"There will be a unified Formula One championship next year after Max Mosley was forced into a humiliating climbdown as president of the FIA. His influence as head of motor sport's world governing body is effectively over from today.
Formula One was facing the prospect of financial disaster after rebel teams last week threatened to form a breakaway series.
It quickly became apparent that Fota, the teams' association, was just as determined to oust Mosley from his position as to resist the severe cost-cutting measures that he attempted to impose on the sport."
FIA release statement following meeting
"In view of this new agreement and with the prospect of a stable future for Formula One, FIA President Max Mosley has confirmed his decision not to stand for re-election in October this year."
Well, it finally happened. For the better, I think. Thoughts, anyone?