http://gigaom.com/2008/10/19/worldspace-satellite-radio-company-files-for-bankruptcy/ Fri, 10 Feb 2012 22:48:49 +0000 hourly 1 http://wordpress.com/ http://gigaom.com/2008/10/19/worldspace-satellite-radio-company-files-for-bankruptcy/#comment-150435 Mon, 20 Oct 2008 20:02:59 +0000 http://gigaom.wordpress.com/?p=25426#comment-150435 Their business model sucked. It was easier and cheaper to go out and buy a Sony short wave radio receiver than one of the Worldspace downlink units. They lived off the hedge funds and late 90′s hype and bamboozled investors with hype about the millions who would be served in the developing world…turns out those millions spent their money on cell phones instead.

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