All Entries in the "Worldspace" Category
Eyeing tie-ups to build digital radio platforms: Saregama
Shares of Saregama India have soared over 4% in today’s trade on acquisition reports. The company had recently acquired 10% stake in Timbre Media to launch several of genre-based digital radio channels on mobile, internet and DTH platforms. In an interview with CNBC-TV18, Apurv Nagpal, managing director, Saregama India, talks about the salient features of the acquisition and other future plans. Below is the verbatim transcript of his interview with Ekta Batra and Reema Tendulkar. Also watch the accompanying video. Q: You very recently acquired 10% stake in Timbre Media –Could you tell us how »»»
WorldSpace will be back soon
For avid listeners of WorldSpace that went off the air in India two years ago, good news is round the corner. It will be back “very soon” with the same content and style. This was confirmed by M. Sebastian, chief executive officer of Timbre Media who will rebroadcast it, and Adarsh Gupta, Business Head of Sa Re Ga Ma India who will be responsible for its distribution and funding. Sa Re Ga Ma has acquired a 10 per cent equity stake in Timbre Media in this regard. Furthermore, this time around, the subscribers will not have to buy a new instrument and pay a hefty amount to subscribe to WorldSpace. »»»
Worldspace India team to sue parent, Liberty Media
MUMBAI: The Worldspace India has decided to initiate legal action against Worldspace Inc (the parent company) and Liberty Media. The India team of the satellite radio company that was left in the lurch when Worldspace decided to terminate India operations abruptly on 31 December 2009, has been in talks with local lawyers on ways to secure their dues. It is learnt that the notice will shortly be despatched to the US parent. The Worldspace India team continues to report daily to work in absence of any clear instructions. The action, says the team, is being contemplated against improper and unethical »»»
Worldspace India team appeals to PM for intervention
MUMBAI: 300 employees of WorldSpace India have, in a letter to prime minister Dr Manmohan Singh sent on Tuesday, urged for immediate government intervention to ensure that the the radio service continues in India; and that the exit of the radio service be allowed only after following the due process applicable to any other media or telecom service in India. The letter written to the PM also urges the government to ensure that the sale of the satellite assets impacting the India operations is duly publicized in India; and a just and equitable solution to the employees, subscribers, distributors, »»»
WorldSpace closure jolts employees
Two weeks after satellite radio pioneer WorldSpace abruptly tuned out of Indian homes on New Year’s eve, its 300-odd employees (including 150 part-timers on contract) in the country continue to clutch at straws of hope, of getting their final settlement dues. Sources say parent WorldSpace, Inc. or the new owner of its assets owe the Indian subsidiary around Rs 45 crore (which also includes around Rs 18 crore as subscription refund) by way of “services performed by it.” This includes sale of the special radio sets, production and programming of channels, royalty to music companies and »»»
‘Liberty was keenly interested in India ops’ – Worldspace India
MUMBAI: Nearly two weeks after Worldspace Inc pulled the rug from under its India operations team, the Worldspace India office has put forth an official statement. The statement, that has been issued ‘to clarify doubts relating to the credibility of the operations of Worldspace India and its employees’ says that Liberty Media conducted a detailed Due Diligence of the India operations in September and October 2009, engaging reputed Indian firms. ‘Senior officials of Liberty Media were in regular touch with the Worldspace India team and were given to understand that they were keenly »»»
Worldspace listeners want music to play on
MUMBAI: The news of Worldspace Radio shutting down has shocked its subscribers in India, a country that housed 95 per cent of its subscription base. Music lovers are aggrieved at the abrupt termination of the music service from 1 January. It is the loss of music that the users are upset about most, over the monetary damages they will have to bear. Says a Worldspace regular, “It was the only thing that kept the music alive to the best of quality and diversity. It really feels strange and profoundly sad to refer to Worldspace in the past tense.” “Different people have different »»»
