Summary:
A deal has been agreed between a Formula 1 team and the television network it is owned by.

Full article:
CNN International have agreed a multi-year deal to join the McLaren Formula One team as a partner, both sides said on Tuesday. No financial details were given but the deal will see the global television network's branding appear on the front wing endplates of the new Honda-powered car. McLaren have yet to name a title sponsor and will unveil their MP4-30 car, to be driven by Spain's Fernando Alonso and Britain's Jenson Button this season, in an online launch on Jan 29. McLaren undergoes pre-season testing in Abu Dhabi using the new Honda engine . Fernando Alonso (left) has arrived from Ferrari to partner Jenson Button in the new look team . Former world champion Alonso gets to know McLaren team principal Ron Dennis (right) The McLaren partnership, even if relatively small by Formula One standards, is a leap up the grid for CNN who most recently sponsored the Caterham team. Caterham, who never scored a point in five years, went into administration last October and face an uncertain future. 'Our shared love of technology has united us: together we will pursue new opportunities far beyond the conventional scope of a Formula One partnership,' said McLaren chief executive Ron Dennis in a statement. McLaren, who are starting a new engine partnership with Honda, have not won a race since 2012. CNN International recently sponsored Caterham before the British team went into adminstration .