Worldspace UK, a separate business unit from WorldSpace Inc., has liquidated and shut down its London uplink facility last month.
The company has let go what few UK staffer were remaining as a result.
London employees have reportedly not received salaries since September.
A situation which isn't limited to across the pond.
When WorldSpace Inc. filed for bankruptcy, it was revealed that the company had failed to pay some of its employees for two months, causing what WorldSpace CEO Noah Samara called "significant employee attrition." (you think?)
This action in the UK means the immediate suspension of the Afristar channels that were being transmitted from London by WRN.
Worldspace's London assets had reportedly already been formally seized ahead of the liquidation because Worldspace had defaulted on payments.
[Rapid TV News]
Thanks Karl!
When WorldSpace Inc. filed for bankruptcy, it was revealed that the company had failed to pay some of its employees for two months, causing what WorldSpace CEO Noah Samara called "significant employee attrition." (you think?)
This action in the UK means the immediate suspension of the Afristar channels that were being transmitted from London by WRN.
Worldspace's London assets had reportedly already been formally seized ahead of the liquidation because Worldspace had defaulted on payments.
[Rapid TV News]
Thanks Karl!
When you produce a product that nobody wants and even fewer can possibly afford you go out of business.
Now it's Sirius XM's turn.
They are about 16 months ahead of Sirius XM. Actually, maybe 6-8 months, given current economic conditions in the US.
Early to mid year 2009.
SiriusXM falling: Both operation centers shut down
SiriusXM, has liquidated and shut down.
The company has let go what few staffer were remaining as a result. Employees have reportedly not received salaries since July 29, 2008. A situation which isn't limited to across the pond, as WorldSpace Inc. was forced to shut down earlier last year.
When SiriusXM filed for bankruptcy, it was revealed that the company had failed to pay some of its employees for two months, causing what SiriusXM CEO Melvin Alan "Mel" Karmazin called "significant employee attrition." (you think?)
This action means the immediate suspension of the few channels that were left after the Sirius / XM "merge" MONOPOLY scheme.
SiriusXM assets had reportedly already been formally seized ahead of the liquidation because SiriusXM had defaulted on all of it's loan payments.
Aegrotatio, it would do you well to know what you're talking about before spouting off ignorance.
For example, a major obstacle to growth (among others, many self-inflicted) was not having the desired terrestrial repeaters. FM broadcasting in the company's operating territories is relatively new and its lobby strong, which made it close to impossible for WorldSpace to get approval for the repeaters despite ongoing efforts.
The company at one time had close to 200,000 subscribers. Clearly it needed more but its target audience (which wasn't slums or bushmen) was interested and was responding in better times.
I have a unit that I used when traveling to SE Asia. NPR, BBC, CNN, Bloomberg were great to have for election coverage while staying with wife's relatives (and there are several music channels), although with a wireless connection in a hotel, I could watch streamed video of election results. So it's usefulness is being superseded by the web. However, in Europe, WIFI is expensive and it came in handy for hearing the D and R conventions, while I was there. Worldspace is trying to have a presence in Europe, beginning in Italy where they hope to have it available in cars. But there is so much public radio or all kinds in Europe (just not in english), they will have a tough time there.
"Worldspace is trying to have a presence in Europe, beginning in Italy where they hope to have it available in cars."
Not anymore. Perhaps you didn't read the report above. WorldSpace has filed for Chapter 11 bankruptcy protection. The company won't exist by the end of Q1 (and it's not going to be acquired, its assets are being liquidated to pay off creditors).