More Independent Voices Express Support for SIRIUS and XM Merger

More Independent Voices Express Support for SIRIUS and XM Merger

Music City Mayor Joins Grassroots Organization and Prominent Think Tank as Latest to Endorse Combined SIRIUS-XM

WASHINGTON and NEW YORK, Dec. 20 /PRNewswire-FirstCall/ -- The Mayor of Nashville has joined Citizens for Community Values and Americans for Prosperity as the latest supporters of the pending merger of XM Satellite Radio (NASDAQ:XMSR) and SIRIUS Satellite Radio (NASDAQ:SIRI) . This new support adds to the diverse list of supporters for the pending merger, including consumer organizations, Members of Congress, prominent American businesses and individuals.

In a recent filing with the Federal Communications Commission, Mayor Karl F. Dean detailed how the merger will provide consumers with more diverse content programming options, while creating new business partnerships that benefit listeners and artists alike:

   "To the extent that a merger of XM and SIRIUS will strengthen the   satellite radio platform -- by providing greater economies of scale and   scope for satellite radio operations, expanding the universe of diverse   content offered to consumers, and enhancing new business opportunities and   partnerships such as those already in progress in Nashville -- the public   interest will only benefit." -- Mayor Karl F. Dean, Nashville, Tennessee   

Citizens for Community Values applauded SIRIUS and XM for the companies' promise to further empower consumers following the merger:

   "We have been informed that, should they be successful with the merger, XM   and SIRIUS will offer more choice to their subscribers, particularly   related to adult-themed programs.  Our constituents, along with many other   Americans, do not want to be forced to subsidize such programming.  The   XM/SIRIUS offer to refund associated subscriptions is a great step   forward." -- Phil Burress, President, Citizens for Community Values   

Americans for Prosperity highlighted the robust competition within the audio entertainment market and noted that emerging technologies will further enhance consumer choice:

   "Present market data suggest that terrestrial radio is the dominant player   in the audio entertainment market.  No evidence suggests that satellite   radio is anything more than a minor player in this market.  Moreover,   other services in this market are backed by very strong competitors,   including major wireless telephone companies and highly successful   companies like Apple.  We believe that competition will further enhance   consumer choice in the coming years." -- Tim Phillips, President,   Americans for Prosperity   

For more information on the SIRIUS-XM merger, please visit www.SIRIUSmerger.com or www.XMmerger.com.

About SIRIUS

SIRIUS, "The Best Radio on Radio," delivers more than 130 channels of the best programming in all of radio. SIRIUS is the original and only home of 100% commercial free music channels in satellite radio, offering 69 music channels. SIRIUS also delivers 65 channels of sports, news, talk, entertainment, traffic, weather and data. SIRIUS is the Official Satellite Radio Partner of the NFL, NASCAR and NBA, and broadcasts live play-by-play games of the NFL and NBA, as well as live NASCAR races. All SIRIUS programming is available for a monthly subscription fee of only $12.95.

SIRIUS Internet Radio (SIR) is a CD-quality, Internet-only version of the SIRIUS radio service, without the use of a radio, for the monthly subscription fee of $12.95. SIR delivers more than 80 channels of talk, entertainment, sports, and 100% commercial free music.

SIRIUS Backseat TV(TM) is the first ever live in-vehicle rear seat entertainment featuring three channels of children's TV programming, including Nickelodeon, Disney Channel and Cartoon Network, for the subscription fee of $6.99 plus applicable audio subscription fee.

SIRIUS products for the car, truck, home, RV and boat are available in more than 20,000 retail locations, including Best Buy, Circuit City, Crutchfield, Costco, Target, Wal-Mart, Sam's Club, RadioShack and at shop.sirius.com.

SIRIUS radios are offered in vehicles from Audi, Bentley, BMW, Chrysler, Dodge, Ford, Infiniti, Jaguar, Jeep(R), Land Rover, Lexus, Lincoln, Mercury, Maybach, Mazda, Mercedes-Benz, MINI, Mitsubishi, Nissan, Rolls Royce, Scion, Toyota, Volkswagen, and Volvo. Hertz also offers SIRIUS in its rental cars at major locations around the country.

Click on www.sirius.com to listen to SIRIUS live, or to purchase a SIRIUS radio and subscription.

About XM

XM is America's number one satellite radio company with more than 8.5 million subscribers. Broadcasting live daily from studios in Washington, DC, New York City, Chicago, the Country Music Hall of Fame in Nashville, Toronto and Montreal, XM's 2007 lineup includes more than 170 digital channels of choice from coast to coast: commercial-free music, premier sports, news, talk radio, comedy, children's and entertainment programming; and the most advanced traffic and weather information.

XM, the leader in satellite-delivered entertainment and data services for the automobile market through partnerships with General Motors, Honda, Hyundai, Nissan, Porsche, Subaru, Suzuki and Toyota is available in 140 different vehicle models for 2007. XM's industry-leading products are available at consumer electronics retailers nationwide. For more information about XM hardware, programming and partnerships, please visit http://www.xmradio.com/.

This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about the benefits of the business combination transaction involving Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc., including potential synergies and cost savings and the timing thereof, future financial and operating results, the combined company's plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "should," "may," or words of similar meaning. Such forward- looking statements are based upon the current beliefs and expectations of SIRIUS' and XM's management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond the control of SIRIUS and XM. Actual results may differ materially from the results anticipated in these forward-looking statements.

The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statement: general business and economic conditions; the performance of financial markets and interest rates; the ability to obtain governmental approvals of the transaction on a timely basis; the failure of SIRIUS and XM stockholders to approve the transaction; the failure to realize synergies and cost-savings from the transaction or delay in realization thereof; the businesses of SIRIUS and XM may not be combined successfully, or such combination may take longer, be more difficult, time-consuming or costly to accomplish than expected; and operating costs and business disruption following the merger, including adverse effects on employee retention and on our business relationships with third parties, including manufacturers of radios, retailers, automakers and programming providers. Additional factors that could cause SIRIUS' and XM's results to differ materially from those described in the forward-looking statements can be found in SIRIUS' and XM's Annual Reports on Form 10-K for the year ended December 31, 2006, and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2007, June 30, 2007 and September 30, 2007, which are filed with the Securities and Exchange Commission (the "SEC") and available at the SEC's Internet site (http://www.sec.gov/). The information set forth herein speaks only as of the date hereof, and SIRIUS and XM disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.

First Call Analyst:
FCMN Contact: mkaleya@joelefrank.com

Source: SIRIUS; XM

CONTACT: SIRIUS: Patrick Reilly, Media Relations of SIRIUS,
+1-212-901-6646, PReilly@siriusradio.com, or Kelly Sullivan of Joele Frank,
Wilkinson Brimmer Katcher, +1-212-355-4449, ksullivan@joelefrank.com; XM:
Nathaniel Brown, Media Relations, +1-212-708-6170,
nathaniel.Brown@xmradio.com, or Chance Patterson, +1-202-380-4318,
Chance.Patterson@xmradio.com

Web site: http://www.xmradio.com/
http://www.sirius.com/
http://www.siriusmerger.com/
http://www.xmmerger.com/
http://shop.sirius.com/

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Profile: International Entertainment