WORLDSPACE and CNN International Extend Global Relationship
Three-Year Contract Renewal Ensures Delivery of Leading English-Language News Service to Europe, Middle East, Asia and Africa
SILVER SPRING, Md., Aug 14, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- WORLDSPACE(R) Satellite Radio (Nasdaq: WRSP), one of the world leaders in satellite-based digital radio services, today announced that it has extended its global broadcasting relationship with CNN International (CNNI). Under the terms of its three-year contract renewal, WORLDSPACE is licensed to broadcast CNNI, the world leader in international news, in Europe, the Middle East, Africa and the Asia Pacific region. New WORLDSPACE subscribers can listen to CNNI on channel 300.
"We're excited to renew our relationship with WORLDSPACE and by extension, WORLDSPACE subscribers worldwide," said Maggie Eales, Senior Vice President of Turner Broadcasting System Europe Limited. "CNN International has always supported new distribution platforms and, based on satellite radio's growing popularity in North America, we believe that WORLDSPACE is uniquely positioned to reach consumers across the globe who may not otherwise have easy access to our timely content."
CNN International delivers the top news stories from around the world from its 4,000 strong staff of journalists based around the world, including major studios in London, Atlanta, and Hong Kong. The channel is available on both of WORLDSPACE's satellites -- AsiaStar(TM) and AfriStar(TM) -- and comprises its trademark breaking news as well as business news, sports news, analysis, current affairs, feature programming and documentaries.
"We are proud to extend our relationship with CNN International and to continue providing subscribers with one of the world's most respected and ubiquitous English-language news sources," said Billy Sabatini, vice president of global content, WORLDSPACE. "As we extend existing contracts and forge new relationships with high quality content providers, we enhance WORLDSPACE's subscriber value and reinforce our position as the dominant international provider of satellite radio services."
About Worldspace, Inc.
Based in the Washington, DC metropolitan area, WORLDSPACE(R) (Nasdaq: WRSP) is the world's only global media and entertainment company positioned to offer a satellite radio experience to consumers in more than 130 countries with five billion people, driving 300 million cars. WORLDSPACE delivers the latest tunes, trends and information from around the world and around the corner. WORLDSPACE subscribers benefit from a unique combination of local programming, original WORLDSPACE content and content from leading international brands including the BBC, CNN, Virgin Radio UK, NDTV and RFI. WORLDSPACE's satellites cover two-thirds of the world's population with six beams. Each beam is capable of delivering up to 80 channels of high quality digital audio and multimedia programming directly to WORLDSPACE Satellite Radios anytime and virtually anywhere in its coverage areas. WORLDSPACE is a pioneer of satellite-based digital radio services (DARS) and was instrumental in the development of the technology infrastructure used today by XM Satellite Radio.
About CNN International
CNN, a division of Turner Broadcasting System, Inc., a Time Warner Company, is one of the world's most respected and trusted sources for news and information. The CNN brand is available to one billion people worldwide, via 22 CNN branded television, internet, radio and mobile services. CNN International is the international directorate of CNN Worldwide and distributes news via nine services and networks in six different languages. These include the flagship CNN International television service which reaches 190 million households worldwide and the internationally-focused web site, CNN.com international edition.
SOURCE Worldspace, Inc.
Judith Pryor of Worldspace, Inc., +1-301-960-1242, jpryor@WORLDSPACE.com; or Dan Martin of Brodeur, +1-617-585-2780, dmartin@brodeur.com, for Worldspace, Inc.
|
