WorldSpace lost more than 1,300 customers during the second quart...
WorldSpace lost more than 1,300 customers during the second quarter, ending the quarter with more than 190,000 subscribers, it said in an earnings release. WorldSpace has stopped selling its service in South Africa and Europe while it prepares to…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
launch its service, complete with terrestrial repeaters, in Italy, it said. It recently signed an original equipment manufacturer agreement with Fiat for factory installation of WorldSpace satellite radios as optional equipment on Fiats beginning in late 2009, one year after its expected Italian launch. The agreement “provides us with the means to reach Italian consumers in their automobiles,” said WorldSpace CEO Noah Samara. WorldSpace has developed an “EU-compliant terrestrial repeater technology and a receiver reference design with Fraunhofer IIS,” Samara said. WorldSpace’s Q2 revenue was $3.6 million compared to $3.8 million last year. WorldSpace had a Q2 net loss of $51.2 million compared to $36.7 million last year, it said. It reduced its subscriber acquisition costs from $33 in Q1 to $21 in Q2, WorldSpace said.