WorldSpace to launch car radio service next year
WorldSpace is struggling internationally but they are somewhat surviving here in the Indian market.
The company has said that they are now aiming to launch their car radio service sometime next year.
The decision to introduce this service is pretty good but it is coming pretty late.
Indian market [...]
Sirius XM Radio survives with fresh investments from Liberty Media
Liberty Media has announced that they would be investing $530 million in Sirius XM Radio.
These funds would help Sirius to stay away from bankruptcy for the time being.
Liberty said that they would immediately provide a loan of $280 million to Sirius. Most of these funds [...]
Sirius XM could file for Bankruptcy
The New York Times has reported that US based satellite company Sirius XM Radio could soon file for bankruptcy.
The report said that the company has hired advisers to prepare for a possible bankruptcy filing.
It is not clear whether bankruptcy filing would hit the services being delivered to the subscribed [...]
