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Loral Skynet: the new Telstar connection(Loral marketing plans)(includes related article on Turner Broadcasting)(Special Report: Domestic Satellites)

Broadcasting & Cable, January, 1998 by Brown, Peter J.

Loral Space & Communications Ltd. did no sit still in 1997. In one the company brought under umbrella AT&T Skynet Satellite Services, Satellites Mexicanos, S.A. de C.V. (SatMex), Orion Network Systems Inc. (this deal is scheduled to close this quarter) and Spectrum Satellite's gateway in Richmond, Calif.

At the end of last year's third quarter, Loral reported revenue of just over $1.1 billion, along with a net loss of $29 million for the nine months ended in September. Loral's ongoing investment in both its Globalstar and CyberStar satellite systems is largely responsible for the net loss. Loral stock (NYSE:LOR) increased from $13 per share to more than $24 over the past year. It closed at $22-1/4 on Jan. 20. Year-end financial data were not available....

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