SkyREPORT.COM News Headlines
News Update For 09/27/99
- - - Rural Leaders Antsy About Legislation - - -
U.S. Rep. Barbara Cubin (R-Wyo.) released a statement
urging members of the DTH Congressional conference
committee to create a provision ensuring local-into-local
service in rural areas as quickly as possible.
"Satellite dish owners in Wyoming and other rural
areas deserve the same level of service and the
same information and entertainment options that
urban Americans will soon enjoy," Cubin said.
Cubin was the first representative to pen her name
to a letter signed by 40 other House members
urging the conference committee to ensure local
service for rural satellite customers. "Until
local-into-local is available in rural markets,"
the letter said, "Congress must insure that rural
consumers do not unfairly lose the right to
receive distant network signals via satellite."
Her statement came as members of the conference
committee prepared to formally meet for the
first time since being named in June. That
meeting is expected to take place Tuesday. Staff
members, however, met last week and are likely
to meet again today to discuss the process of
negotiating differences in the individual
satellite bills passed by the House and the
Senate last Spring.
- - - CD Radio Prices Stock-Debt Offering - - -
CD Radio announced Friday that it priced
concurrent offerings of 3 million shares of
common stock and $125 million of its 8 3/4
percent convertible subordinated notes due in
2009.
The price of the common stock was set at $24.75
per share. The transaction was increased from
an original offering of two million shares. The
notes will be convertible into the company's
common stock at the price of $28.4625 per share.
The proceeds will be used for the continued
development of CD Radio's satellite-to-car radio
broadcast system. The company plans to offer 50
channels of commercial free music and up to 50
channels of news and other programming for an
anticipated subscription fee of $9.95. Operations
are scheduled to begin late next year.
- - - Loral Launches Telstar 7 Satellite - - -
Telstar 7, Loral Skynet's new satellite slated
to provide a platform for a number of key cable
programmers, was launched into space aboard an
Ariane rocket during the weekend.
When Telstar 7 enters service, expected in
early November, the satellite will cover the
continental United States, Hawaii, Alaska,
Puerto Rico as well as parts of the Caribbean
and Latin America. The bird carries 48
transponders - 24 at C-Band and 24 at Ku-Band.
Meanwhile, Space Imaging celebrated last
week's launch of the world's first commercial
high-resolution imaging satellite from
Vandenberg Air Force Base.
The IKONOS imaging satellite separated as
planned from the Lockheed Martin-built Athena
II rocket approximately 60 minutes after launch.
Communication was established with the satellite
about 90 minutes after lift-off.
- - - SkyBOX: Meeting the Milestones - - -
The DBS business took two giant leaps last week,
with one achieving a significant milestone in
its long-term plans to deliver local channels
via satellite and the other preparing to expand
its platform.
The first achievement was EchoStar's launch.
A successful flight for the company's fifth
satellite ensured that the DBS provider can
proceed with its aggressive local-into-local
plans (given that Congress provides the legislative
fix), offer data services and move ahead with
its 500-channel endeavor.
That 500 channel offering was promised by the
cable guys several years ago, something EchoStar
gleefully points out every time it talks about
the package.
The second achievement was DirecTV's effort to
grow its platform. The company is moving forward
with the launch of its newest bird, with lift-off
slated for Oct. 10, aboard the Sea Launch platform.
Once in orbit, DirecTV 1R will help the company
expand its HDTV slate, deliver data services
and offer local channels.
The DBS giant also announced it's new
Spanish-language packages. "DirecTV Para Todos"
will debut in selected cities on Oct. 15.
If all goes well for the two companies and their
satellites make it into orbit without catching
any anomalies, DBS will be packing a significant
punch in its quest to compete with cable.
The cable guys may quip that the risks involved
and the dollars spent on launching DBS birds is
a waste of money. But as EchoStar executives put
it recently, "With DBS, we can spend $250 million
and have a satellite in space with a national
footprint 28 minutes after launch. Cable plans
to spend $10 billion to deliver half of what we
got, and it's going to take 10 years for them to
get there.
"In the process, they are going to tear
up everyone's back yard."
- - - PEOPLE: - - -
- New XM Hire Heads Detroit Operations -
XM Satellite
Radio announced that George Lynch, director of
original equipment manufacturer (OEM) sales, will
head up the company's new office in Detroit. XM
said it selected that city for the new facility to
support its "quickly expanding relationships with
automotive manufacturers."
- Siegel Moves Up At Turner -
Bradley Siegel has
been promoted to the newly-created position of
president, general entertainment networks, for
Turner Broadcasting System. Siegel, who has served
as president of Turner Network Broadcasting (TNT)
and Turner Classic Movies, adds oversight of TBS,
TBS Superstation and Turner South to his
responsibilities.
- Pace Announces Regional President -
Neil Gaydon
has been appointed President, The Americas, of
Pace Micro Technology. The company, which
manufactures digital set-top boxes, made the
announcement in conjunction with officially moving
its North and South American office to Boca Raton,
Fla.
- Oxygen Names Online Executives -
Oxygen Media, the
company that merges Internet and television
technology, has selected eight new executive producers.
They are: Amy Critchett, Martha McCully, Lynne Tapper,
Giselle Benatar, Kathy Hammer, Anne Ashbey and
Jim Brady. This team will report to Sarah Bartlett,
Oxygen's editor-in-chief.
- QVC Appoints Corporate Affairs Director -
Bonnie
Clark has been named director of corporate affairs
for QVC, the television and online shopping network.
Clark will oversee community and affiliate public
relations and publicity efforts for QVC's
divisions/subsidiaries.
- WICT Selects Gala Chairs -
Jim Robbins, president
and CEO of Cox Communications, and Julia Sprunt,
corporate vice president for Turner Broadcasting
System, will be the honorary chairs of the 1999
Women in Cable & Telecommunications Foundation
Washington D.C. Benefit Gala, which will be held
at the Marriot Wardman Park Hotel on Thurs., Nov.
4. For more information call (312) 634-2330.
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