It looks like it’s the end of the road for Noah Samara’s dream to provide satellite digital radio to other countries.
WorldSpace released a statement this week that talks with Liberty Media have “terminated” and the bankrupt satcaster is planning to potentially de-commission its satellites and reviewing strategic alternatives.
Liberty bought nearly all of WorldSpace’s debt in 2009, after also rescuing Sirius XM with a loan of $520 million. That lead to speculation that Liberty Chairman John Malone intended to combine the two satcasters.
WorldSpace, based in Maryland, has been under bankruptcy protection since October 2008. It ended its business in India at the end of 2009 and indicated then that the company was a potential buyer of the WorldSpace global assets.