Monday, August 18, 2008
Time is definitely running out for Worldspace. No new investments, no clear business plan and simply no hope. How on earth can you introduce satellite radio into Italy - the one country in Europe with the oldest population - median age for men in 42, and 20% of the population is over 65? Are people demanding more FM stations in a country that was one of the first to tolerate a rash of commercial stations? Why spend the remaining 1.2 million in the bank? Will the US military buy them out like they did Iridium just before the last US elections? (Update - no they won't because they didn't - see comments) And why does the Worldspace India site still display details of programmes that were aired a month ago...this is not an audio on demand service. As you can hear, too many questions. No Answers. I am just surprised these guys have lasted so long. Will they last into September?