Could mean a big shake up on future race contracts
https://www.autosport.com/f1/news/136482/wolff-less-f1-income-with-new-promoter-model
It makes sense. Bernie's abilities weren't in race promotion, but deal making, so naturally he ensured he made his money on the deal itself, not the promotion.
Ideally, F1 races should be promoted by the same organization. It doesn't make sense for each race to do everything themselves, paying staff for doing the same thing once a year. Liberty can have promotion staff that do it full time across the calendar. It keeps costs down, and puts experienced people in charge.
It also motivates Liberty to promote a sustainable race that people want to go to if they're getting a cut of the gate. Assuming Liberty does it right, then it should be great for F1, the tracks, the teams AND the fans.