Bankrupt satellite operator WorldSpace acknowledged this week it was preparing to decommission its satellites after Liberty Satellite Radio—a subsidiary of Liberty Media that purchased the debt of WorldSpace last year—called off negotiations toward a proposed acquisition of WorldSpace’s satellite assets. Founded by Noah Samara, WorldSpace provides radio programming to developing areas of Asia and Africa via two orbiting satellites. Members of the company’s board of directors have included such notables as former U.S. presidential candidate Jack Kemp and Charles Mathias, Jr., a former U.S. senator from Maryland. Since filing for Chapter 11 bankruptcy protection in October, WorldSpace has terminated service to India, and the company’s stock has been removed from the NASDAQ exchange. After Liberty Media loaned $520 million to Sirius XM Radio in a transaction last year that gave Liberty a 40% equity stake in Sirius and that also provided Sirius with the financial boost it needed to avert the Chapter 11 process, Liberty had been expected to seek a similar deal with WorldSpace in an effort to join WorldSpace, Liberty and Sirius in an alliance that would expand the reach of Sirius internationally. Declining comment on the failed talks, WorldSpace admitted in an emergency court filing that its “dire cash position” left it with “no choice but to prepare to remove immediately the satellites from orbit to prevent damage to both the satellites and equipment in orbit owned and operated by others.” Experts indicate that such decommissioning would involve steering both WorldSpace spacecraft out of their current orbital band into a position 22,000 miles above the earth, upon which the satellites’ propellant would be dumped and their batteries disconnected.