With the recently announced closure of Worldspace Inc, (OTC: WRSPQ) operations in India and Africa, it is increasingly likely that Liberty’s (NASDAQ:LCAPA, NASDAQ:LINTA) intent is to go after the European market, a market with much more disposable income than India or Africa currently possesses. As written about at Rapid TV News by Chris Forrester, as well as “The Daily News Analysis” website – A Mumbai based Company by Praveena Sharma
Liberty Media has apparently done extensive due diligence on the range of possibilities and no doubt came to the same conclusion many have regarding “Worldspace” and its demise. There is not sufficient disposable income or interest in sufficient numbers in those areas of the world currently to sustain a healthy business model. It seems the speculation would lead to Liberty working on some sort of European and possibly South American/Caribbean Satellite Radio launch with help and expertise from Sirius XM Radio. Perhaps returning to India and Africa after the foundation gets stronger.
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