Formula 1 supremo Bernie Ecclestone says he is close to finalising a contract for the Valencia and Barcelona races to alternate on the calendar from next year - meaning Spain will have just one race from 2013. After months of speculation about the future of the Valencia Grand Prix, Ecclestone revealed that that event and Spanish GP organisers have agreed to share the race from next year. In an interview with Spanish radio station Cadena Ser , Ecclestone said that he was now working on sorting out dates going forward.
Source: http://www.iracing.com/inracingnews/formula-one-news/f1-formula-one-news/spanish-f1-venues-set-to-alternate
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