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Thursday, 17 February 2005
 


Dolby Laboratories today announced that it has priced its initial public offering of 27,500,000 shares of its Class A common stock at $18 per share. Of the total shares sold, 10.5 million shares have been sold by Dolby Laboratories and 17 million shares have been sold by Ray Dolby, founder and principal stockholder of Dolby Laboratories. More
[Via Mix News]

Canada is looking to grant up to three licenses for domestic satellite digital radio broadcasters. There’s quite a bit of graymarket XM and Sirius gear up north, we hear; the New York Times wrote about this weeks ago. Canada would like to regulate it, expand it, and make sure Canadian content is included.


General Motors has stuck its foot in the door on this one, asking that Canada approve the two systems that use satellites and terrestrial transmitters instead of a third that plans on ground statiosn only. GM says that they can’t offer the more advanced navigation, help, and information services that they want to offer in their cars without satellite coverage.


GM will work with Canada Satellite Radio, which is a joint venture of a Canadian entrepreneur and XM. The Canadian Broadcasting Company (CBC) and Sirius have partnered in Sirius Canada.


The third proposal promises enormously larger amounts of Canadian content but won’t launch if the other two services are approved. Sirius and XM will add Canadian channels to their existing line-ups, which they say will boost Canadian exposure to U.S. markets.


[Via Droxy (Digital Radio)]


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