Canada Grants Broadcasting License to SIRIUS Canada
SIRIUS Welcomes the Decision and Will Review Conditions of License Before Announcing Plans
NEW YORK, June 16, 2005 /PRNewswire-FirstCall via COMTEX/ -- SIRIUS Satellite Radio (Nasdaq: SIRI) today announced that SIRIUS Canada, Inc., which is owned by SIRIUS, the Canadian Broadcasting Corporation (CBC) and Standard Radio, has received approval from the Canadian Radio-television and Telecommunications Commission (CRTC) to broadcast and sell the SIRIUS service in Canada.
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SIRIUS recognizes that the CRTC has worked hard on a reasonable and creative framework for SIRIUS to move forward in providing Canadians with an outstanding programming line-up. SIRIUS plans to explore the conditions of the license in more detail with its business partners, and will be able to comment further once a thorough analysis of today's decision has been made.
SIRIUS delivers more than 120 channels of the best commercial-free music, compelling talk shows, news and information, and the most exciting sports programming to listeners across the country in digital quality sound. SIRIUS offers 65 channels of 100% commercial-free music, and features over 55 channels of sports, news, talk, entertainment, traffic and weather for a monthly subscription fee of only $12.95. SIRIUS also broadcasts live play-by-play games of the NFL and NBA, and is the Official Satellite Radio partner of the NFL.
SIRIUS radios for the car, truck, home, RV and boat are manufactured by Alpine, Audiovox, Blaupunkt, Clarion, Delphi, Jensen, JVC, Kenwood, Pioneer, Sanyo and XACT Communications. Available in more than 25,000 retail locations, SIRIUS radios can be purchased at major retailers including Best Buy, Circuit City, Crutchfield, Office Depot, Sears, Target, Wal-Mart and RadioShack. SIRIUS is also available at heavy truck dealers and truck stops nationwide.
SIRIUS radios are currently offered in vehicles from Audi, BMW, Chrysler, Dodge, Ford, Infiniti, Jeep(R), Lincoln-Mercury, Lexus, Mazda, Mercedes-Benz, MINI, Nissan, Porsche, Scion, Toyota, Volkswagen and Volvo. Hertz currently offers SIRIUS at major locations around the country.
Click on http://www.sirius.com to listen to SIRIUS live, or to find a SIRIUS retailer or car dealer in your area.
Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions, future events or performance with respect to SIRIUS Satellite Radio Inc. are not historical facts and may be forward-looking and, accordingly, such statements involve estimates, assumptions and uncertainties which could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, any such statements are qualified in their entirety by reference to the factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2004 filed with the Securities and Exchange Commission. Among the key factors that have a direct bearing on our operational results are: our dependence upon third parties, including manufacturers of SIRIUS radios, retailers, automakers and programming partners, our competitive position and any events which affect the useful life of our satellites.
G-SIRI Contacts: Jim Collins Media 212-901-6422 firstname.lastname@example.org Michelle McKinnon Analysts 212-584-5285 email@example.com Jaymie VanValkenburgh Investors 212-584-5158 firstname.lastname@example.org
SOURCE SIRIUS Satellite Radio
Media - Jim Collins, +1-212-901-6422, email@example.com, Analysts - Michelle McKinnon, +1-212-584-5285, firstname.lastname@example.org, Investors - Jaymie VanValkenburgh, +1-212-584-5158, email@example.com, all for SIRIUS Satellite Radio
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