All Entries Tagged With: "M.Sebastian"
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 to shut shop on 31 December
MUMBAI: On December 31, 2009, the WorldSpace satellite radio broadcast service will be terminated for all customers serviced from India, according to an announcement posted on the company website. This action is an outgrowth of the financial difficulties facing WorldSpace India’s parent company, WorldSpace, Inc., which has been under bankruptcy protection since October 2008, the announcement says. WorldSpace is present in over 130 countries globally, and has already been in the process of closing down its operations in most other countries. With over 4,50,000 subscribers (more than 50 per cent »»»
WorldSpace may go mute in India
Chennai, Dec. 17: Signals indicate that the troubled digital satellite radio broadcasting company WorldSpace Inc may fold up its India operations too. Though the company’s Asia operations head, Mr M. Sebastian, is not available for comment, sources close to the development say he has already put in his papers, and employees are believed to be in rounds of internal discussions to figure the way out of the quagmire. “We are clue-less, but keeping our fingers crossed,” said a highly placed official, who did not want to be named. WorldSpace is present in over 130 countries globally, and has »»»
