Big blow for music listeners all over India; The End of Worldspace
Just when it was gaining in popularity.........
Hard to take; I'm going to be depressed :(
Even harder to understand is the logic of the new buyers, Liberty Media. They say,
Media reports on the internet speculate that Liberty Media sees better opportunities in Latin America and other markets and would therefore like to deploy the WorldSpace satellites to target those markets rather than in India.
C'mon guys, your revenues from Telugu/Tamil/Malayalam/Kannada/Carnatic/Hindustani/Hindi channel listeners is going to be profitable. I do not know what the assumptions of your business model were before you arrived at this decision.
Review, reconsider, rewind; PLEASE
PS: But, what Worldspace did to many of its customers - the suppression of information and renewal of subscriptions at a time like this is plain vanilla cheating!
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