Astro considered being taken Private? Ananda Krishnan's third fail?

From the star:

 

KUALA LUMPUR: Billionaire T Ananda Krishnan (pic) is weighing the possibility of taking Astro Malaysia Holdings

 Bhd private after shares of the pay-TV operator dropped to a record low, people familiar with the matter said.

The tycoon has revived deliberations about a buyout of Kuala Lumpur-based Astro, according to the people, who asked not to be identified because the information is private.

Krishnan has been speaking to potential advisers about funding options and is reaching out to some major investors to gauge their interest, the people said.

Recently, Ananda Krishnan had made headlines for its failure in the India market for the bankruptcy of Aircel.  Before that, we have another almost failure of Bumi Armada where he was looking to get out as oil prices fell back to earth.

He should just realize that perhaps when the tough gets going, he should get running.  Astro's prospects are getting bleaker with online streaming services like Netflix and streaming from android and apple boxes.

The newer generation of kids are learning to cut these big television behemoths out of the picture.  So Astro's grip on the population does get weaker with every passing year.

Will they continue to pay ridiculous prices for EPL games and the like?  Sports for now are still Astro's only saving grace.