Satellite Radio in Trouble

Satellite radio took a hit this past week as WorldSpace filed for Chapter 11 bankruptcy. Only two weeks ago, both Chief Operating Officers resigned.

WorldSpace is a subscription-based service that broadcasts news, sports, music and educational programming to over 150,000 people. They charge $5.00 – $10.00 per month for their plans and provide more than 100 channels. WorldSpace offers the only satellite radio service outside the U.S. (except Japan and South Korea). Sirius XM is the licensed provider of satellite radio here. Judith Pryor, Senior Vice President of Worldspace, told me that they do not expect for the U.S. to ever be in their market. With a reorganization and probable sale in its immediate future, it is uncertain who their audience will be.

Keep reading for the rest on Worldspace and how Sirius is in trouble too…