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WORLDSPACE®, Inc. Reaches Agreement to Defer Debt Payment

WORLDSPACE® Satellite Radio (NASDAQ:WRSP), one of the world leaders in satellite-based digital radio services, announced today that it has agreed with each of the four holders of the Company’s amended and restated secured notes (the “Bridge Loan Notes”) and second amended and restated convertible notes (the “Convertible Notes”) to defer until July 9, 2008 the [...]

WORLDSPACE® Satellite Radio Reports Going Concern Qualification

WORLDSPACE® Satellite Radio (NASDAQ:WRSP), one of the world leaders in satellite-based digital radio services, today announced that its independent registered public accounting firm, Grant Thornton LLP, has included an explanatory paragraph in their audit opinion for the fiscal year ended December 31, 2007, and included in the Company’s Annual Report on Form 10-K filed on [...]

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