It's his business at the end of the day. It aint some freakin' public service. Think you can do better? Go set your own series up!
As much as Bernie isn't the most welcome of characters he did take F1 from the dark ages where you were lucky to see a full race live to what we have today which is a very marketable, and tight product.. even with the so-called scandals that keep F1 in the headlins while maintaining the huge ratings.