The site is a little confusing.
That's like saying Paris Hilton is a little promiscuous!
And for you non-F1 folks out there, be sure to watch the first race of the season. Its on at 2:30 am on Speed Sunday morning and again at 10 pm Sunday night - unless you have a DVR. Then it is on whenever you want it to be on!
It is originally broadcast at 11:00 p.m. Saturday March 17th EDT on SPEED. The pre-race begins at 10:30. The times MG mentions are the second and third broadcasts of the race.
SPEED TV Schedule for the Grand Prix of Australia
THU - MAR 15:
11:00 pm - 12:30 am EDT - Practice P2 (LIVE)
FRI - MAR 16:
1:00 pm - 2:30 pm EDT - Practice P2 (2nd/final airing)
11:30 pm - 1:00am EDT - Qualifying (SDD) (only airing)
SAT - MAR 17:
10:30 pm - 1:00 am EDT - Grand Prix of Australia (LIVE)
2:30 am - 5:00 am EDT - Grand Prix of Australia (2nd airing) (late Sat night/early Sun am)
SUN - MAR 18:
10:00 pm - 12:30 am EDT - Grand Prix of Australia (3rd/final airing)