SIRI Intraday Thread: Thursday April 16
What does everyone think about the WorldSpace issue? Do you think Sirius XM is actually looking into buying them? Or is there nothing to the rumor... Here is the last post from yesterday's thread...
Quote:
Originally Posted by Tim Wallick
the partners from Italy has sued world-space over the repeater network. which was sold to Noah Samara along with one of his first partners with questionable ties to certain groups via Yenura Pte. Ltd. as part of the bankruptcy proceeding.
while the partners from Italy were trying to take title via the legal process within the court system in another country.
correct the two birds are just about spent and very outdated the ground spare was never even completed.
India has rolled out 265 fm stations in many cites across the country and currently has another 210 in the works the license only run 4% of revenue.also their was a good bit of talk about hdradio with some form of testing taking place a couple of years back.
satellite is not allowed to have any paid commercials and must even limit promotion channel content to under two minutes per hour.Along with some content restrictions for religious and other types of programming.
also i think the repeater network issue was or is still open for India.
world-space only had documentation to broadcast in three countries within the Eu Swiss,German and Italy. along with Bahrain and the Uae currently.
at one point they had a French partner operation and it drew very few subs not sure if they maintain the documents for broadcasting there
i don't think the Swiss or German build-out process even started.
i'm with john on this issue,
Discuss...
Unsecured Worldspace creditors get peanuts
heres the latest thing i see, note where it mentions the one partners name hes owed some 1.5 billion and has some type of royalty agreement in place where he would or could receive some type cash to cover his investment.
its the guy with questionable ties to certain organized groups.
heres the link