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Satellite Radio Firm Worldspace Changes Name to 1worldspace

Authored by Mark Hefflinger on July 23, 2008 - 12:29pm.

Silver Spring, Md. - Worldspace, a provider of satellite radio services in foreign markets, said that it has changed its name to 1worldspace. The company said that the new name, developed in conjunction with PIR Marketing, highlights its ability to "bring together people from all over the world through the power of satellite communications." The company's stock, which has dropped by nearly 75% since its IPO in 2005, was up 33% in mid-day trading on Wednesday to trade at $3.03. The company also has unveiled a new tagline -- "I am many; my world is 1" -- and a redesigned website, aimed at creating global communities of listeners. "Our new bold brand will be the backbone of our business and our corporate culture," said Noah Samara, the chairman and CEO of 1worldspace.

tags: Marketing | Music | WorldSpace | 1worldspace |

Career Moves: June 18, 2007

Authored by dmw on June 18, 2007 - 12:29pm.
Sonos, Inc, the leading developer of wireless multi-room music systems for the digital home, appointed Phil Abram as President and Chief Operating Officer. He was previously at Sony Electronics Inc., where he has had many strategic management roles for the past eleven years.
tags: Career | Moves | WorldSpace | Sonos | crayon |

WorldSpace, Telecom Italia to Deploy Terrestrial Repeaters in Italy

Authored by Mark Hefflinger on January 17, 2007 - 1:24pm.

Silver Spring, Md. - WorldSpace, a provider of satellite radio service in more than 130 countries, announced on Wednesday that its Italian unit has partnered with Telecom Italia to deploy a terrestrial repeater network in Italy. The network of "gap filler" repeaters will allow WorldSpace Italia subscribers without a direct line of sight to its satellite to receive broadcasts.

tags: Satellite Radio | WorldSpace | Terrestrial Repeaters | Telecom Italia |

Worldspace Satellite Radio to Broadcast Live from Virgin Festival

Authored by Mark Hefflinger on September 18, 2006 - 12:59pm.
Silver Spring, Md. - Worldspace Satellite Radio, an international provider of satellite radio programming, said on Monday that it will broadcast live next weekend from the Virgin Festival in Baltimore, Md. The event will feature performances from The Who, Red Hot Chili Peppers, Flaming Lips and Scissor Sisters.
tags: Radio | Satellite Radio | Music | Concerts | Satellite | WorldSpace | Festivals | Virgin Music |

Satellite Radio Firm WorldSpace Receives Nasdaq Listing Warning

Authored by Mark Hefflinger on August 30, 2006 - 12:54pm.
Silver Spring, Md. - WorldSpace Satellite Radio, a provider of satellite radio service to subscribers in foreign countries, said on Wednesday that it has received a letter from the Nasdaq warning that it no longer complies with a rule requiring a minimum $50 million market value for continued listing.
tags: Radio | Satellite Radio | Investing | Nasdaq | Satellite | WorldSpace | Warnings | Delistings |

Shares of Satellite Radio Firm Worldspace Drop 31%; Hit 52-Week Low

Authored by Mark Hefflinger on August 10, 2006 - 1:06pm.
Silver Spring, Md. - A year after its initial public offering (IPO), the share price of Worldspace, a provider of satellite radio service to international markets, fell 31% on Thursday, reaching a new 52-week low of $2.26.
tags: Radio | Satellite Radio | Investing | Earnings | Satellite | WorldSpace | Stocks |

WorldSpace Satellite Radio to Play in India's Cafe Coffee Day Shops

Authored by Mark Hefflinger on January 4, 2006 - 7:29am.
Silver Spring, Md. - WorldSpace Satellite Radio, a provider of satellite radio services in foreign countries, said that its India subsidiary has formed an alliance with Cafe Coffee Day, India's largest coffee chain. Through the deal, WorldSpace's satellite radio content will be played throughout the day at approximately 100 Cafe Coffee Day shops across India.
tags: Satellite Radio | India | Cafe | WorldSpace | Coffee Day Shops |

WorldSpace Raises $241.5 Million in IPO

Authored by Mark Hefflinger on August 4, 2005 - 5:26am.
Washington, DC -- WorldSpace, a provider of satellite radio services in Asia, Europe, the Middle East and Africa, has raised $241.5 million in its initial public offering after pricing at $21 a share, the high end of its revised range. Investors reacted enthusiastically to the offering, with the company's stock -- trading on the Nasdaq under the symbol "WRSP" -- opening at $24.10 before settling at around $23 in Thursday's late trading. Selling shareholders also made an additional $7.7 million in the IPO. The company, which last month received a $25 million investment as part of a business relationship with DC-based XM Satellite Radio, on Wednesday had bumped up both the price range and number of shares to be offered.
tags: Deals | VC | IPO | WorldSpace |

WorldSpace Lands $25 Million from XM, Boosts IPO Price

Authored by Mark Hefflinger on July 20, 2005 - 9:17am.
Washington, DC -- WorldSpace, a provider of satellite radio services in Asia, Europe, the Middle East and Africa, said on Tuesday that it has landed a $25 million investment from DC-based XM Satellite Radio, which has more than 4.4 million subscribers. In connection with the investment, XM will cooperate with WorldSpace to develop satellite radio products and technology, as well as distribution and supplier networks. WorldSpace also increased the price range of its upcoming initial public offering (IPO) from $16-$18 to $18-$20 a share. The company is planning to offer 8.8 million shares, making the IPO worth as much as $176 million. Through its subscription-based service, WorldSpace broadcasts news, music and educational programming, utilizing its two geo-stationary satellites. The company owns spectrum licenses to deliver more than 100 digital quality audio channels per satellite as well as multimedia content directly to special receivers.
tags: IPO | Deal | XM | WorldSpace |

Satellite Radio Firm WorldSpace Sets Terms For Upcoming IPO

Authored by Mark Hefflinger on June 27, 2005 - 7:52am.
Washington -- Dow Jones reported on Monday that DC-based WorldSpace, a provider of technology for satellite radio service, set the price range for its upcoming initial public offering (IPO) at a range of $16 to $18 per share. In an SEC filing, the company said that it expects to offer 8.8 million shares, which would raise about $150 million for the company. According to Dow Jones, WorldSpace intends to use the proceeds from the IPO for expansion in India, China and other international markets. The stock ticker for WorldSpace will be WRSP.
tags: IPO | Satellite Radio | WorldSpace |

Satellite Radio Firm WorldSpace Files to Raise $100 Million in IPO

Authored by Mark Hefflinger on April 14, 2005 - 9:43am.
Washington -- WorldSpace, a provider of satellite radio services, has filed with the Securities and Exchange Commission to raise $100 million in an initial public offering (IPO). Details such as the number of shares and price range have yet to be determined. The company, which was an original shareholder of DC-based XM Satellite Radio before selling its stake in 1999, was founded in 1990 by Noah Samara, who pioneered the development of satellite-based digital radio service, commonly known as Digital Audio Radio Service (DARS). XM, which currently has about 3.8 million subscribers, is licensed to use and develop the company's technology. WorldSpace provides its satellite radio services to Asia, the Middle East, Western Europe and Africa, and is the only licensed DARS provider outside of North America, South Korea and Japan. The company plans to trade on the Nasdaq under the ticker symbol "WINR."
tags: VC | IPO | Satellite Radio | WorldSpace |