Investor Relations

SIRIUS Satellite Radio Reports Record Revenue for Third Quarter 2005

- Revenue Up 250% Over Prior Year Third Quarter as Net Subscriber Additions Double - Exclusive Relationships with DaimlerChrysler and BMW Extended - Subscriber Guidance Raised to "Over" 3 Million by Year-End - Company Continues to Gain Market Share

NEW YORK, Nov 01, 2005 /PRNewswire-FirstCall via COMTEX News Network/ -- SIRIUS Satellite Radio (Nasdaq: SIRI) today announced strong third quarter financial and operating results, driven by subscriber growth in its retail and automotive OEM distribution channels, and continued demand for its superior programming.

(Logo: http://www.newscom.com/cgi-bin/prnh/19991118/NYTH125 )

As of September 30, 2005, SIRIUS had 2,173,920 subscribers. The third quarter subscriber figure reflects net additions of 359,294 subscribers, a 97% increase over the year-ago figure of 181,948 net subscriber additions.

The company raised its year-end 2005 subscriber guidance to over 3 million, and reaffirmed its previous guidance on all other key metrics. SIRIUS expects its subscriber growth will be driven by traditionally strong consumer demand in the fourth quarter, and by SIRIUS' exclusive programming as well as the continued appeal of its commercial-free music.

"The third quarter represented another quarter of solid execution by our management team," said Mel Karmazin, CEO of SIRIUS. "We continued to gain retail and overall market share in the quarter, while meeting our guidance for third quarter net subscriber additions. As we move into the important fourth quarter, we believe that our mix of innovative and competitively-priced products at retail, combined with more SIRIUS factory installations by our automotive partners, will yield strong year-end results, and we are raising our subscriber guidance to over 3 million to reflect this expectation. The introduction of Martha Stewart Living Radio and the anticipation of Howard Stern's arrival in January 2006 should also generate unprecedented excitement for our service."

SIRIUS reported revenue of $66.8 million for the third quarter of 2005, a 250% increase over the $19.1 million reported for the year-ago quarter. Average monthly churn for the third quarter and year to date was 1.8% and 1.5%, respectively. Average monthly churn is expected to be approximately 1.5% for the full year.

The company reported subscriber acquisition costs (SAC) per gross subscriber addition of $149 for the third quarter of 2005, a 35% improvement over SAC per gross subscriber addition of $229 in the year-ago quarter. SIRIUS continues to project SAC per gross subscriber addition of under $145 for the year.

During the third quarter of 2005, SIRIUS added 209,920 net subscribers from its retail channel, a 56% increase over 134,442 retail net subscriber additions in the year-ago quarter. The company also added 149,000 net subscribers from its automotive OEM channel, a 230% increase over 45,196 net subscriber additions from that channel in the third quarter of 2004.

SIRIUS reported a net loss of ($180.4) million, or ($0.14) per share, for the third quarter of 2005 compared with a net loss of ($169.4) million, or ($0.14) per share, for the third quarter of 2004.

Automotive OEM Update

SIRIUS recently extended each of its exclusive automotive OEM relationships. On October 31, 2005, SIRIUS announced the extension of its exclusive agreement with DaimlerChrysler to September 1, 2012. The agreement includes all Chrysler Group and Mercedes-Benz vehicles as well as Freightliner trucks. Over 750,000 new subscribers are expected to be generated from the Chrysler Group alone for the 2006 model year, with volumes estimated to increase significantly in the future. In September 2005, SIRIUS and BMW of North America announced an agreement that extends SIRIUS' exclusive relationship with BMW through August 2008. All BMW models are covered by the agreement. During the second quarter of 2005, SIRIUS extended its exclusive relationship with the Ford Motor Company through September 2011. All Ford Motor Company brands in the U.S. are covered by the agreement.

Product Update

SIRIUS will have a number of next generation products available at retail during the fourth quarter including the SIRIUS S50, the company's first wearable product; the sleek Starmate Replay, designed for easy vehicle installation; SIRIUS One and the XACT Visor, two new slim-line products that have multiple installation options including dash, console or visor mounting; and a SiriusConnect product that is backwards compatible with many Sony UniLink(TM)headunits. In the fourth quarter, SIRIUS will also offer a SiriusConnect unit that will make it easy for owners of General Motors vehicles to install SIRIUS. The company is also introducing the Alpine SiriusConnect SIR-ALP10T, its first tuner to incorporate both audio entertainment and traffic data services.

Programming Update

SIRIUS continues to add innovative programming. In August, SIRIUS launched its second season of NFL play-by-play coverage as The Official Satellite Radio Partner of the NFL. On September 29, 2005, SIRIUS launched a new programming lineup, including the addition of five compelling new music channels, and channels for Martha Stewart Living Radio and Howard Stern. Preparations are well underway for Howard Stern's arrival at SIRIUS in January 2006. In its continuing effort to expand programming for women, SIRIUS announced that it will launch a full time channel with Cosmopolitan, the best-selling young women's magazine in the world, early next year. Demonstrating the flexibility derived from its significant bandwidth, SIRIUS dedicates entire 24-hour, commercial-free music channels to some of the world's greatest artists. In addition to "Radio Elvis," its all-Elvis Presley radio channel broadcast live from Graceland in Memphis, SIRIUS launched "Rolling Stones Radio" and recently announced "E Street Radio," the world's first 24-hour channel featuring the music of Bruce Springsteen and the E Street Band.

Offering of $500 million of 9-5/8% Senior Notes and Redemption of 15% and

14-1/2% Notes

During the third quarter of 2005, SIRIUS completed an offering of $500 million in aggregate principal amount of 9-5/8% Senior Notes due 2013. SIRIUS used approximately $63.1 million of the proceeds of this offering to redeem all of its outstanding 15% Senior Secured Discount Notes due 2007 and 14-1/2% Senior Secured Notes due 2009, and will use the balance of the net proceeds for general corporate purposes.

Guidance for 2005

The company raised its year-end subscriber guidance and reaffirmed its previous guidance on all other key guidance metrics for the full year 2005. After adding over one million new subscribers in the first nine months of the year, SIRIUS expects continued strong subscriber growth in the traditionally busy fourth quarter and raised its previous year-end 2005 target to over 3 million subscribers.

Average monthly churn is expected to be approximately 1.5% for full year 2005, in line with previous guidance, given continued high levels of customer satisfaction. The company continues to expect SAC per gross subscriber addition to be under $145 for the full-year 2005, with further declines expected in 2006.

SIRIUS expects to generate $230 million of total revenue and an adjusted loss from operations of approximately ($540) million in 2005. Total operating cash uses, capital expenditures and restricted investment activity are expected to be approximately ($375) million in 2005.

SIRIUS ended the third quarter of 2005 with approximately $934 million in cash, cash equivalents and marketable securities. SIRIUS' first quarter of positive free cash flow could be reached as early as the fourth quarter of 2006, and the company continues to expect to generate positive free cash flow for the full-year 2007.

Conference Call Information:

SIRIUS will hold a conference call today at 8 am ET to discuss operating and financial results. The public, members of the investment community and the press will have live access to the conference call via the company's website, http://www.sirius.com, and on the SIRIUS service by tuning to SIRIUS Channel 127. A replay of the call will also be available on the SIRIUS website.

THIRD QUARTER 2005 VERSUS THIRD QUARTER 2004

For the third quarter of 2005, SIRIUS recognized total revenue of $66.8 million compared with $19.1 million for the third quarter of 2004. This increase in revenue was driven by a net increase of 1,511,631 subscribers from September 30, 2004 to September 30, 2005.

The company's adjusted loss from operations decreased by $20.3 million to ($105.4) million for the third quarter of 2005 from ($125.7) million for the third quarter of 2004 (refer to the reconciliation table of GAAP loss from operations to adjusted loss from operations). This decrease was driven by a 257%, or $46.2 million, increase in subscriber revenue as a result of a 228% increase in the company's subscriber base, offset by an increase of 46%, or $21.6 million, in subscriber acquisition costs. Such increase in subscriber acquisition costs reflected higher shipments of SIRIUS radios and chip sets and increased commissions to support a 125% increase in gross subscriber additions from 207,181 for the third quarter of 2004 to 465,228 for the third quarter of 2005. This increase was offset by reductions in average subsidy rates as the company continued to reduce manufacturing and chip set costs.

Programming and content expenses increased by $4.8 million to $23.5 million for the third quarter of 2005 from $18.7 million for the third quarter of 2004. The increase was primarily attributable to an increase in license fees associated with new content agreements; compensation related costs for additions to headcount; additional on-air talent costs due to the expansion of the programming lineup; and broadcast royalties as a result of the increase in the company's subscriber base.

During the third quarter of 2005, the company also had increases in customer service and billing expenses and general and administrative expenses. Customer service and billing expenses increased by $4.1 million to $9.4 million for the third quarter of 2005 from $5.3 million for the third quarter of 2004. The increase was primarily attributable to call center operating costs necessary to accommodate the increase in the subscriber base. Customer service and billing expenses per average subscriber per month declined 50% to $1.59 for the third quarter of 2005 from $3.16 for the third quarter of 2004. General and administrative expenses increased by $2.2 million to $14.0 million for the third quarter of 2005 from $11.8 million for the third quarter of 2004. The increase was primarily attributable to additional personnel-related costs offset by a decrease in consulting fees.

Such increases in operating expenses were offset by a decrease in sales and marketing expenses of $4.4 million to $38.2 million for the third quarter of 2005 from $42.6 million for the third quarter of 2004. The decrease was primarily a result of the expiration of certain sponsorships and higher costs incurred in 2004 relating to the company's NFL marketing campaign.

In September 2005, the company also recorded a $6.2 million loss from the redemption of its 15% Senior Secured Discount Notes due 2007 and 14-1/2% Senior Secured Notes due 2009.

SIRIUS reported a net loss of ($180.4) million, or ($0.14) per share, for the third quarter of 2005 compared with a net loss of ($169.4) million, or ($0.14) per share, for the third quarter of 2004.

NINE MONTHS ENDED SEPTEMBER 30, 2005 VERSUS NINE MONTHS ENDED

SEPTEMBER 30, 2004

For the nine months ended September 30, 2005, SIRIUS recognized total revenue of $162.2 million compared with $41.6 million for the nine months ended September 30, 2004. This increase in revenue was driven by a net increase of 1,511,631 subscribers from September 30, 2004 to September 30, 2005.

The company's adjusted loss from operations increased by $40.2 million to ($341.2) million for the nine months ended September 30, 2005 from ($301.0) million for the nine months ended September 30, 2004 (refer to the reconciliation table of GAAP loss from operations to adjusted loss from operations). This increase was driven by an 88%, or $95.7 million, increase in subscriber acquisition costs reflecting higher shipments of SIRIUS radios and chip sets and increased commissions to support a 169% increase in gross subscriber additions to 1,252,623 for the nine months ended September 30, 2005 from 465,077 for the nine months ended September 30, 2004, offset by reductions in hardware subsidy rates as the company continued to reduce manufacturing and chip set costs. The effect of an increase in subscriber acquisition costs was more than offset by a 288%, or $115.6 million, increase in subscriber revenue as a result of a 228% increase in the company's subscriber base.

Programming and content expenses increased by $26.0 million to $63.6 million for the nine months ended September 30, 2005 from $37.6 million for the nine months ended September 30, 2004. The increase was primarily attributable to an increase in license fees associated with sports related programming; compensation related costs for additions to headcount; additional on-air talent costs due to the expansion of the programming lineup; and broadcast royalties as a result of the increase in the company's subscriber base.

Customer service and billing expenses increased by $12.9 million to $26.6 million for the nine months ended September 30, 2005 from $13.7 million for the nine months ended September 30, 2004. The increase was primarily attributable to call center operating costs necessary to accommodate the increase in the subscriber base. Customer care and billing expenses per average subscriber per month declined 49% to $1.81 for the nine months ended September 30, 2005 from $3.57 for the nine months ended September 30, 2004. General and administrative expenses increased $11.9 million to $42.9 million for the nine months ended September 30, 2005 from $31.0 million for the nine months ended September 30, 2004 primarily as a result of overhead expansion to support the growth of the business. In addition, engineering, design and development expenses increased $11.1 million to $33.2 million for the nine months ended September 30, 2005 from $22.1 million for the nine months ended September 30, 2004 primarily as a result of additional personnel-related costs to support research and development efforts; costs associated with tooling and manufacturing upgrades at DaimlerChrysler and Ford to support factory installations of SIRIUS radios; and development costs for the company's next generation of radios, offset by decreases in chip set development costs.

Such increases in operating expenses were offset by a decrease in satellite and transmission expenses of $3.5 million to $20.7 million for the nine months ended September 30, 2005 from $24.2 million for the nine months ended September 30, 2004. Such decrease was primarily a result of the company's decision not to renew its satellite insurance policy in August 2004, offset in part by an increase in personnel-related costs.

In September 2005, the company also recorded a $6.2 million loss from the redemption of its 15% Senior Secured Discount Notes due 2007 and 14-1/2% Senior Secured Notes due 2009.

SIRIUS reported a net loss of ($551.6) million, or ($0.42) per share, for the nine months ended September 30, 2005 compared with a net loss of ($450.3) million, or ($0.37) per share, for the nine months ended September 30, 2004.

(Selected financial information follows).

SIRIUS defines adjusted loss from operations as GAAP loss from operations before depreciation and equity granted to third parties and employees. SIRIUS believes adjusted loss from operations is useful because it represents operating expenses of the company excluding the effects of non-cash items.

SIRIUS defines average monthly revenue per subscriber, or ARPU, as the total earned subscriber revenue and net advertising revenue divided by the daily weighted average number of subscribers for the period.

SIRIUS defines subscriber acquisition costs, or SAC, per gross subscriber addition as SAC and negative margins from the direct sale of SIRIUS radios and accessories divided by the number of gross subscriber additions for the period.

Adjusted loss from operations, ARPU and SAC per gross subscriber addition are not measures of financial performance under U.S. generally accepted accounting principles and are used as measures of operating performance. As a result, these metrics may be susceptible to varying calculations; may not be comparable to other similarly titled measures of other companies; and should not be considered in isolation or as a substitute for measures of financial performance prepared in accordance with U.S. generally accepted accounting principles.

Sirius Satellite Radio Inc.
     Quarterly Data
     (Unaudited)

                                                      As of September 30,
                                                      2005           2004
    Subscribers:
    Beginning subscribers                          1,814,626        480,341
    Net additions                                    359,294        181,948
    Ending subscribers                             2,173,920        662,289
     Retail                                        1,564,718        534,871
     OEM                                             581,988        100,261
     Hertz                                            27,214         27,157


                               For the Three Months   For the Nine Months
                               Ended September 30,    Ended September 30,
                               2005           2004    2005           2004

    Gross subscriber
     additions               465,228        207,181  1,252,623      465,077
    Deactivated subscribers  105,934         25,233    221,961       63,849
    Average monthly
     churn (1)                   1.8%           1.5%       1.5%         1.7%
    Subscriber acquisition
     costs per gross
     subscriber addition        $149           $229       $164         $235
    Monthly ARPU:
     Average monthly
      subscriber revenue
      per subscriber before
      effects of Hertz
      subscribers and
      mail-in rebates         $11.08         $10.92     $10.78       $11.15
     Effects of Hertz
      subscribers               0.06          (0.18)      0.04        (0.29)

     Effects of mail-in
      rebates                  (0.25)         (0.05)     (0.24)       (0.42)

     Average monthly
      subscriber revenue
      per subscriber           10.89          10.69      10.58        10.44
     Average monthly net
      advertising revenue
      per subscriber            0.26           0.15       0.21         0.10
     ARPU                     $11.15         $10.84     $10.79       $10.54


    (1) Average monthly churn is the number of deactivated subscribers divided
        by average quarterly subscribers.



     Sirius Satellite Radio Inc.
     Financial Highlights
     (In thousands, except per share data)
     (Unaudited)

                               For the Three Months   For the Nine Months
                               Ended September 30,    Ended September 30,
                                2005        2004       2005         2004
    Revenue:
     Subscriber revenue,
      including effects of
      mail-in rebates         $64,273     $18,025    $155,799     $40,177
     Advertising revenue,
      net of agency fees        1,508         249       3,094         399
     Equipment revenue          1,030         823       3,300       1,013
     Other revenue                 20          19          48          48
    Total revenue              66,831      19,116     162,241      41,637


    Operating expenses:
     Cost of services
      (excludes depreciation
      shown separately below):
      Satellite and
       transmission             7,228       7,620      20,709      24,215
      Programming and content  23,542      18,732      63,589      37,550
      Customer service
       and billing              9,416       5,329      26,646      13,718
      Cost of equipment         1,453       1,146       4,381       1,615
      Sales and marketing      38,181      42,645     107,543     103,670
      Subscriber acquisition
       costs                   68,675      47,066     204,461     108,758
      General and
       administrative          13,966      11,808      42,918      31,009
      Engineering, design
       and development          9,784      10,444      33,232      22,090
      Depreciation             24,559      23,811      73,640      71,082
      Equity granted to
       third parties and
       employees (1)           36,946      17,752     116,882      47,660
     Total operating
      expenses                233,750     186,353     694,001     461,367
      Loss from operations   (166,919)   (167,237)   (531,760)   (419,730)
    Other income (expense):
     Interest and investment
      income                    7,645       2,291      16,922       5,906
     Interest expense         (13,693)     (5,267)    (28,219)    (34,235)
     Loss from redemption
      of debt                  (6,214)         --      (6,214)         --
     Income (expense)
      from affiliate             (739)         --        (739)         --
     Other income                  30       1,340          82       1,411
    Total other income
     (expense)                (12,971)     (1,636)    (18,168)    (26,918)
     Loss before income
      taxes                  (179,890)   (168,873)   (549,928)   (446,648)
     Income tax expense          (560)       (560)     (1,680)     (3,641)
      Net loss              $(180,450)  $(169,433)  $(551,608)  $(450,289)
    Net loss per share
     (basic and diluted)       $(0.14)     $(0.14)     $(0.42)     $(0.37)
    Weighted average common
     shares outstanding
     (basic and diluted)    1,328,458   1,236,845   1,322,399   1,230,149


    (1) Allocation of equity granted to third parties and employees to other
        operating expenses:

    Satellite and
     transmission                $467        $202      $1,455        $797
    Programming and content     4,855       5,520      14,793       8,397
    Customer service and
     billing                      140          53         405         185
    Sales and marketing         9,642       6,246      30,348      21,629
    Subscriber acquisition
     costs                     12,354       3,030      31,115       7,097
    General and administrative  6,137       2,159      21,746       7,415
    Engineering, design and
     development                3,351         542      17,020       2,140
    Total equity granted to
     third parties and
     employees                $36,946     $17,752    $116,882     $47,660


     Sirius Satellite Radio Inc.
     Financial Highlights
     (In thousands)
     (Unaudited)

    Selected balance sheet data:
                                                      As of
                                    September 30, 2005     December 31, 2004

    Cash, cash equivalents and
     marketable securities               $934,383              $759,168
    Restricted investments                 92,615                97,321
    Working capital                       652,502               541,526
    Total assets                        2,092,389             1,957,613
    Long-term debt                      1,096,789               656,274
    Total liabilities                   1,517,583               956,980
    Accumulated deficit                (2,417,464)           (1,865,856)
    Stockholders' equity                  574,806             1,000,633

The following table reconciles GAAP loss from operations, as reported, to adjusted loss from operations:

For the Three Months   For the Nine Months
                               Ended September 30,    Ended September 30,
                                2005         2004      2005         2004

    GAAP loss from
     operations, as reported  $(166,919)   $(167,237) $(531,760) $(419,730)
     Depreciation                24,559       23,811     73,640     71,082
     Equity granted to
      third parties and
      employees                  36,946       17,752    116,882     47,660
    Adjusted loss from
     operations               $(105,414)   $(125,674) $(341,238) $(300,988)


     Sirius Satellite Radio Inc.
     Financial Highlights
     (In thousands)
     (Unaudited)


                               For the Three Months   For the Nine Months
                               Ended September 30,    Ended September 30,
                                2005         2004      2005         2004
    Cash flows from operating
    activities:
     Net loss               $(180,450)  $(169,433) $(551,608)   $(450,289)
     Adjustments to
      reconcile net loss
      to net cash used in
      operating activities:
      Depreciation             24,559      23,811     73,640       71,082
     Non-cash interest
      expense                     842         573      2,365       21,168
     Non-cash loss from
      redemption of debt          712          --        712           --
     Loss on disposal of
      assets                       34          --        286           19
     Equity granted to third
      parties and employees    36,946      17,752    116,882       47,660
     Deferred income taxes        560         560      1,680        3,641
    Changes in operating
    assets and liabilities:

     Marketable securities         --          --         16          (92)
     Prepaid expenses and
      other current assets    (10,426)     (7,840)   (26,187)      (7,869)
     Other long-term assets     2,653           8      3,131       (3,406)
     Accrued interest           6,467         972      6,341        3,848
     Accounts payable and
      accrued expenses         10,211      15,248     36,213       44,721
     Deferred revenue          31,549      15,338     81,923       33,306
     Other long-term
      liabilities                  20       2,665     (3,522)         691
      Net cash used in
       operating activities   (76,323)   (100,346)  (258,128)    (235,520)
    Cash flows from investing
    activities:
     Additions to property
      and equipment            (7,086)    (11,976)   (17,949)     (22,316)
     Sales of property and
      equipment                     6         209         65          237
     Purchases of restricted
      investments                  --      (5,104)    (6,291)     (90,104)
     Release of restricted
      investments                  --          --     10,997           --
     Purchases of available-
      for-sale securities    (128,700)         --   (128,700)          --
     Sales of available-
      for-sale securities       5,100          --      5,100           --
     Maturities of
      available-for-sale
      securities                   --          --      4,835       25,000
      Net cash used in
       investing activities  (130,680)    (16,871)  (131,943)     (87,183)
    Cash flows from
    financing activities:
     Proceeds from issuance
      of long-term debt, net  493,005          --    493,005      293,600
     Redemption of debt       (57,609)         --    (57,609)          --
     Proceeds from exercise
      of stock options          5,021         857     11,125        6,004
     Proceeds from exercise
      of warrants                  --          --         --       19,850
     Other                         --         (32)        (8)         (99)
      Net cash provided by
       financing activities   440,417         825    446,513      319,355
    Net increase (decrease)
     in cash and cash
     equivalents              233,414    (116,392)    56,442       (3,348)
    Cash and cash equivalents
     at the beginning of
     period                   576,919     634,023    753,891      520,979
    Cash and cash equivalents
     at the end of period    $810,333    $517,631   $810,333     $517,631


    About SIRIUS

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, Costco, RadioShack, Sam's Club, Target and Wal-Mart. 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), Land Rover, Lexus, Lincoln-Mercury, Mazda, Mercedes-Benz, MINI, Nissan, Scion, Toyota, Porsche, 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.

E-SIRI

     Contacts for SIRIUS:

     Jim Collins
     Media
     212-901-6422
     jcollins@siriusradio.com

     Michelle McKinnon
     Investor Relations
     212-584-5285
     mmckinnon@siriusradio.com

     Jaymie VanValkenburgh
     Investor Relations
     212-584-5158
     jvanvalkenburgh@siriusradio.com

SOURCE SIRIUS Satellite Radio

Media: Jim Collins, +1-212-901-6422, jcollins@siriusradio.com, or Investor Relations:
Michelle McKinnon, +1-212-584-5285, mmckinnon@siriusradio.com, Jaymie VanValkenburgh,
+1-212-584-5158, jvanvalkenburgh@siriusradio.com, all of SIRIUS
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