TS News - $83mil For Satellite Radio License
TELE-satellit News, 3 April 1997
$83mil For Satellite Radio License
WASHINGTON, DC, USA, 97/04/03 (TS) -- CD Radio Inc. are betting $83
million on the success of satellite delivered digital radio in the United
States. The company just won the FCC's satellite digital audio radio
service ("DARS") licensing auction with a bid of $83,346,000. It now has
ten business days to pay 20 percent of the money with the remainder due
when it submits its final application.
The company is planning to transmit 30 channels of non-stop, commercial
free music radio to motorists across the US.
(c)TELE-satellit 1997. All rights reserved.
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