More details about TV coverage of the 2012 F1 season have emerged after Sky announced it is to launch its own bespoke channel for the sport next year.

At the same time, the BBC has revealed how it will cover F1 as part of the shared deal next year with ten races being shown live 'free-to-air' and the remainder available in a highlights show.

The new Sky Sports F1 HD channel will be launched in March and will show live coverage of every practice and qualifying session during 2012, with every race also being broadcast live without the interruption of adverts.

The channel will also feature a range of interactive elements - including the chance to go behind the scenes with the teams in the pits - while a weekly magazine show will catch up with all the action over the course of the season.

According to a statement issued by Sky, the new channel will be available at no extra charge to existing subscribers to Sky Sports 1 and 2, or Sky HD and will also be available both online and through mobile devices on Sky Go.

Those fans with a HD subscription will be able to view the action in standard definition.

"Formula 1 followers are hungry for more and we want to give them the ultimate experience. It's not just every minute of every race but a channel devoted to Formula 1," Sky Sports managing director Barney Francis said. "We can now tell the whole story of the season, from every Grand Prix, from start to finish. Formula 1 will get the full Sky Sports treatment. We have big plans for live shows and a rich line-up of Formula 1 programmes; getting to the drivers, exploring the technology and lapping up the drama.

"With a dedicated channel for Formula 1 we can also give all sports fans the depth and breadth of sports they demand every weekend, right through the year."