JOINT FILING AGREEMENT

EXHIBIT 99.5

JOINT FILING AGREEMENT

     In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13D (including amendments thereto) with regard to the common stock of Loral Space & Communications Inc., a Delaware corporation, and further agree that this Joint Filing Agreement be included as an Exhibit to such joint filings. In evidence thereof, the undersigned, being duly authorized, hereby execute this Joint Filing Agreement as of November 17, 2006.

		HIGHLAND MULTI-STRATEGY ONSHORE MASTER SUBFUND, L.L.C.
		By:		Highland Multi-Strategy Master Fund L.P.,
				its managing member
		By:		Highland Multi-Strategy Fund GP, L.P.,
				its general partner
		By:		Highland Multi-Strategy Fund GP, L.L.C.,
				its general partner
		By:		Highland Capital Management, L.P.,
				its sole member
		By:		Strand Advisors, Inc., its general partner

				By:		/s/ Xxxxx Xxxxxxx
						Xxxxx Xxxxxxx, President

		HIGHLAND MULTI-STRATEGY MASTER FUND, L.P.
		By:		Highland Multi-Strategy Fund GP, L.P.,
				its general partner
		By:		Highland Multi-Strategy Fund GP, L.L.C.,
				its general partner
		By:		Highland Capital Management, L.P.,
				its sole member
		By:		Strand Advisors, Inc., its general partner

				By:		/s/ Xxxxx Xxxxxxx
						Xxxxx Xxxxxxx, President

		HIGHLAND MULTI-STRATEGY FUND GP, L.P.
		By:		Highland Multi-Strategy Fund GP, L.L.C.,
				its general partner
		By:		Highland Capital Management, L.P.,
				its sole member
		By:		Strand Advisors, Inc., its general partner

				By:		/s/ Xxxxx Xxxxxxx
						Xxxxx Xxxxxxx, President

		HIGHLAND MULTI-STRATEGY FUND GP, L.L.C.
		By:		Highland Capital Management, L.P.,
				its sole member
		By:		Strand Advisors, Inc., its general partner

				By:		/s/ Xxxxx Xxxxxxx
						Xxxxx Xxxxxxx, President

		HIGHLAND CAPITAL MANAGEMENT, L.P.
		By:		/s/ Xxxxx Xxxxxxx
				Xxxxx Xxxxxxx, President
		STRAND ADVISORS, INC.
		By:		/s/ Xxxxx Xxxxxxx
				Xxxxx Xxxxxxx, President

/s/ Xxxxx Xxxxxxx

Xxxxx Xxxxxxx