Why WorldSpace crashed ; WorldSpace had filed for bankruptcy under chapter 11 of the US laws in 2008 after incurring debts of over $2.9 billion. The shutting of Indian operations, therefore, was imminent.

The demise of WordSpace (WS) radio, which shut down Indiaoperations on December 31, has made many like G.R. Gopinath,Chairman of Deccan 360, a sad man. "WorldSpace was my world. Istarted my day with yoga with WorldSpace radio on - listening toeither Carnatic or Hindustani classical music. If I had not startedmy logistics business, I would have bought the Indian business ofWorldSpace. I still hope somebody will buy it, " he says, summing upthe mood of many among the 163,000 subscribers of the radio stationin India. WorldSpace had filed for bankruptcy under chapter 11 ofthe US laws in 2008 after incurring debts of over $2.9 billion. Theshutting of Indian operations, therefore, was …