May 12, 2008

SIRIUS Reports First Quarter 2008 Results

* Revenue of $270.4 Million, Up 33% Year Over Year
* Total Subscribers of More Than 8.6 Million, Up 31% Year Over Year
* Record First Quarter Gross Subscriber Additions - Exceed 1 Million
* Adjusted Loss From Operations Improves 55%

NEW YORK, May 12, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- SIRIUS Satellite Radio (Nasdaq: SIRI) today announced first quarter 2008 financial results, including a 33% increase in revenue to $270.4 million, total subscribers in excess of 8.6 million and a 55% decrease in the adjusted loss from operations.

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

"SIRIUS continues to demonstrate robust subscriber and revenue growth, along with strong cost discipline and significant improvement in our bottom line," said Mel Karmazin, CEO of SIRIUS. "Compared with a year ago, first quarter 2008 subscribers grew 31%, revenue grew 33%, while cash operating costs only grew 8%, leading to a 55% decline in our adjusted loss from operations."

"We await the FCC decision on our pending merger with XM, and we are eager to deliver the strong benefits of the combined company to our subscribers and stockholders."

SIRIUS ended first quarter 2008 with 8,644,319 subscribers, up 31% from 6,581,045 subscribers at the end of first quarter 2007. Retail subscribers increased 10% in the first quarter 2008 to 4,643,215 from 4,234,804 at the end of first quarter 2007. OEM subscribers increased 72% in the first quarter 2008 to 3,986,818 from 2,323,683 at the end of first quarter 2007. During the first quarter 2008, SIRIUS added 322,534 net subscribers and achieved a 52% share of satellite radio net subscriber additions.

Total revenue for the first quarter 2008 increased to $270.4 million, up 33% from first quarter 2007 total revenue of $204.0 million. Average monthly revenue per subscriber (or "ARPU") was $10.42 in first quarter 2008 as compared with $10.46 for first quarter 2007. First quarter 2008 average all-in customer churn was 2.7%. SAC per gross subscriber addition was $91 in first quarter 2008, an improvement over first quarter 2007's SAC per gross subscriber addition of $101.

SIRIUS reported a first quarter 2008 net loss of ($104.1) million, or ($0.07) per share, an improvement of 28% over first quarter 2007 net loss of ($144.7) million, or ($0.10) per share. The adjusted loss from operations for first quarter 2008 improved 53% to ($39.5) million, as compared to the adjusted loss from operations of ($84.0) million in first quarter 2007.

2008 OUTLOOK

Following approval of the pending merger with XM by the Federal Communications Commission, SIRIUS will provide guidance for 2008.

RESULTS OF OPERATIONS

The discussion of operating expenses below excludes the effects of stock-based compensation. SIRIUS believes this presentation improves the transparency of disclosure and is consistent with the way operating results are evaluated by management.

FIRST QUARTER 2008 VERSUS FIRST QUARTER 2007

For the first quarter of 2008, SIRIUS recognized total revenue of $270.4 million compared to $204.0 million for the first quarter of 2007. This 33%, or $66.4 million, increase in revenue was driven by a $64.8 million increase in subscriber revenue resulting from the net increase in subscribers of 2,063,274 from the first quarter of 2007.

The company's adjusted loss from operations decreased $44.5 million to ($39.5) million for the first quarter of 2008 from ($84.0) million for the first quarter of 2007 (refer to the reconciliation table of net loss to adjusted loss from operations). This decrease was driven by the increase in total revenue of $66.4 million offset by a $21.8 million increase in non-operating expenses.

Satellite and transmission expenses decreased $0.3 million to $7.0 million for the first quarter of 2008 compared to $7.3 million for the first quarter of 2007 as a result of lower maintenance expenses in the first of quarter 2008.

Programming and content expenses increased $1.8 million to $58.9 million for the first quarter of 2008 from $57.1 million for the first quarter of 2007. The increase was primarily attributable to higher compensation-related costs for additions to headcount.

Revenue share and royalties increased $15.2 million to $42.3 million for the first quarter of 2008 from $27.1 million for the first quarter of 2007. This increase was attributable to the determination by the Copyright Royalty Board in January 2008 of the royalty rate under the statutory license covering the performance of sound recordings. The 33% growth in the company's revenues also contributed to the increase in revenue share and royalties.

Customer service and billing expenses increased $4.9 million to $26.6 million for the first quarter of 2008 from $21.7 million for the first quarter of 2007. The increase was primarily attributable to higher call center operating costs necessary to accommodate the increase in the company's subscriber base. Customer service and billing expenses per average subscriber per month declined 9.0% to $1.05 for the first quarter of 2008 from $1.15 for the first quarter of 2007.

Sales and marketing expenses decreased $2.2 million to $33.2 million for the first quarter of 2008 from $35.4 million for the first quarter of 2007. This decrease was primarily attributable to lower advertising and reduced cooperative marketing spend with the company's distributors compared to the year-ago first quarter.

Subscriber acquisition costs (SAC) decreased $8.4 million, or 9%, to $89.8 million for the first quarter of 2008 from $98.2 million for the first quarter of 2007. This decrease was primarily attributable to production efficiencies and a higher average retail selling price, offset by increased OEM unit production.

SAC per gross subscriber addition decreased 10% to $91 for the first quarter of 2008 from $101 for the first quarter of 2007. The decrease was driven by lower per unit subsidies due to production efficiencies and a higher average retail selling price, offset by a higher mix of OEM gross additions.

General and administrative expenses increased $13.4 million to $36.8 million for the first quarter of 2008 from $23.4 million for the first quarter of 2007. The increase was primarily the result of higher litigation related costs and compensation-related costs to support the growth of our business.

Engineering, design and development expenses decreased $3.9 million to $7.5 million for the first quarter of 2008 from $11.4 million for the first quarter of 2007. This decrease was attributable to reduced OEM and product development costs.

SIRIUS reported a net loss of ($104.1) million, or ($0.07) per share, for the first quarter of 2008 compared to a net loss of ($144.7) million, or ($0.10) per share, for the first quarter of 2007.



                 SIRIUS SATELLITE RADIO INC. AND SUBSIDIARIES
                           SUBSCRIBER DATA, METRICS
                    AND OTHER NON-GAAP FINANCIAL MEASURES
               (Dollars in thousands, unless otherwise stated)

    Subscriber Data:
                                              For the Three Months
                                                 Ended March 31,
                                             2008              2007

     Beginning subscribers                8,321,785         6,024,555
     Net additions                          322,534           556,490
       Ending subscribers                 8,644,319         6,581,045

       Retail                             4,643,215         4,234,804
       OEM                                3,986,818         2,323,683
       Hertz                                 14,286            22,558
     Ending subscribers                   8,644,319         6,581,045

       Retail                                 2,506           192,978
       OEM                                  321,186           364,674
       Hertz                                 (1,158)           (1,162)
     Net additions                          322,534           556,490


     Metrics:
                                               For the Three Months
                                                  Ended March 31,
                                            2008              2007

     Gross subscriber additions           1,003,422           988,458
     Deactivated subscribers                680,888           431,968
     Average monthly churn (1)(6)               2.7%              2.3%
     SAC per gross subscriber
      addition (3)(6)                           $91              $101
     Customer service and billing
      expenses per average
      subscriber (3)(6)                       $1.05             $1.15
     Total revenue                         $270,350          $204,037
     Free cash flow (4)(6)                $(186,535)        $(146,715)

     Monthly ARPU:
       Average monthly subscriber
        revenue per subscriber
        before the effects of
        Hertz subscribers and rebates        $10.09            $10.30
       Effects of Hertz subscribers            0.04              0.04
       Effects of rebates                     (0.04)            (0.24)
       Average monthly subscriber
        revenue per subscriber                10.09             10.10
       Average monthly net
        advertising revenue per
        subscriber                             0.33              0.36
       ARPU                                  $10.42            $10.46



                 SIRIUS SATELLITE RADIO INC. AND SUBSIDIARIES
                           SUBSCRIBER DATA, METRICS
              AND OTHER NON-GAAP FINANCIAL MEASURES - CONTINUED
               (Dollars in thousands, unless otherwise stated)

     Adjusted Loss from Operations:
                                              For the Three Months
                                                 Ended March 31,
                                              2008              2007

      Net loss                            $(104,118)        $(144,745)
        Depreciation                         26,906            26,786
        Stock-based compensation             22,262            24,260
        Other non operating expense          14,950             9,145
        Income tax expense                      543               555
       Adjusted loss from
        operations (7)                     $(39,457)         $(83,999)


      Adjusted Net Loss:
                                              For the Three Months
                                                 Ended March 31,
                                             2008              2007

      Net loss                            $(104,118)        $(144,745)
        Stock-based compensation             22,262            24,260
      Adjusted net loss                    $(81,856)        $(120,485)
      Net loss per share (basic
       and diluted) (8)                      $(0.07)           $(0.10)
      Weighted average common
       shares outstanding
       (basic and diluted)                1,475,496         1,457,011



                 SIRIUS SATELLITE RADIO INC. AND SUBSIDIARIES
                           SUBSCRIBER DATA, METRICS
              AND OTHER NON-GAAP FINANCIAL MEASURES - CONTINUED
               (Dollars in thousands, unless otherwise stated)

    Condensed Consolidated Statements of Operations:

                                              For the Three Months
                                                 Ended March 31,
                                            2008               2007

     Total revenue                        $270,350           $204,037
     Operating expenses
      (excludes depreciation and
      stock-based compensation
      shown separately below):
       Satellite and transmission            7,025              7,330
       Programming and content              58,903             57,063
       Revenue share and royalties          42,320             27,134
       Customer service and billing         26,646             21,654
       Cost of equipment                     7,588              6,458
       Sales and marketing                  33,227             35,352
       Subscriber acquisition costs         89,810             98,237
       General and administrative           36,780             23,403
       Engineering, design and development   7,508             11,405
       Depreciation                         26,906             26,786
       Stock-based compensation             22,262             24,260
     Total operating expenses              358,975            339,082
     Loss from operations                  (88,625)          (135,045)
       Other expense                       (14,950)            (9,145)
     Loss before income taxes             (103,575)          (144,190)
       Income tax expense                     (543)              (555)
     Net loss                            $(104,118)         $(144,745)



                 SIRIUS SATELLITE RADIO INC. AND SUBSIDIARIES
                    CONSOLIDATED STATEMENTS OF OPERATIONS
                   (In thousands, except per share amounts)

                                                      For the Three Months
                                                        Ended March 31,
                                                    2008              2007
     Revenue:
       Subscriber revenue, including
        effects of rebates                        $255,640          $190,796
       Advertising revenue, net of agency fees       8,408             6,721
       Equipment revenue                             6,063             4,671
       Other revenue                                   239             1,849
     Total revenue                                 270,350           204,037
     Operating expenses (excludes
      depreciation shown separately below) (1):
       Cost of services:
         Satellite and transmission                  7,822             7,986
         Programming and content                    61,692            59,998
         Revenue share and royalties                42,320            27,134
         Customer service and billing               26,922            21,853
         Cost of equipment                           7,588             6,458
       Sales and marketing                          38,467            40,996
       Subscriber acquisition costs                 89,824           100,117
       General and administrative                   48,778            35,343
       Engineering, design and development           8,656            12,411
       Depreciation                                 26,906            26,786
     Total operating expenses                      358,975           339,082
       Loss from operations                        (88,625)         (135,045)
     Other income (expense):
       Interest and investment income                2,802             6,042
       Interest expense, net of amounts
        capitalized                                (17,675)          (15,192)
       Other (expense) income                          (77)                5
     Total other expense                           (14,950)           (9,145)
       Loss before income taxes                   (103,575)         (144,190)
       Income tax expense                             (543)             (555)
         Net loss                                $(104,118)        $(144,745)
     Net loss per share (basic and diluted)         $(0.07)           $(0.10)
     Weighted average common shares
      outstanding (basic and diluted)            1,475,496         1,457,011

    (1) Amounts related to stock-based
        compensation included in other
        operating expenses were as follows:

        Satellite and transmission                    $797              $656
        Programming and content                      2,789             2,935
        Customer service and billing                   276               199
        Sales and marketing                          5,240             5,644
        Subscriber acquisition costs                    14             1,880
        General and administrative                  11,998            11,940
        Engineering, design and development          1,148             1,006
        Total stock-based compensation             $22,262           $24,260



                 SIRIUS SATELLITE RADIO INC. AND SUBSIDIARIES
                              BALANCE SHEET DATA
                            (Dollars in thousands)

                                                          As of
                                            March 31, 2008   December 31, 2007
                                              (unaudited)
     Cash, cash equivalents and
      marketable securities                     $252,969          $439,289
     Restricted investments                       56,000            53,000
     Working capital                            (741,218)         (394,989)
     Total assets                              1,469,823         1,694,149
     Total debt                                1,282,743         1,314,418
     Total liabilities                         2,309,257         2,486,886
     Accumulated deficit                      (4,503,090)       (4,398,972)
     Stockholders' deficit                      (839,434)         (792,737)



                 SIRIUS SATELLITE RADIO INC. AND SUBSIDIARIES
                    CONSOLIDATED STATEMENTS OF CASH FLOWS
                            (Dollars in thousands)

                                                     For the Three Months
                                                        Ended March 31,
                                                    2008               2007
     Cash flows from operating activities:
       Net loss                                  $(104,118)         (144,745)
       Adjustments to reconcile net loss
        to net cash used in operating
        activities:
         Depreciation                               26,906            26,786
         Non-cash interest expense                   1,004               754
         Provision for doubtful accounts             2,560             2,088
         Gain on disposal of assets                    -                  (4)
         Stock-based compensation                   22,262            24,260
         Deferred income taxes                         543               555
       Changes in operating assets and
        liabilities:
         Accounts receivable                        18,765             6,639
         Inventory                                   4,193              (473)
         Receivables from distributors              (9,988)           (7,569)
         Prepaid expenses and other current
          assets                                    14,256            (9,173)
         Other long-term assets                      3,256               (23)
         Accounts payable and accrued expenses    (116,741)          (47,811)
         Accrued interest                          (11,885)          (11,763)
         Deferred revenue                           14,712            21,731
         Other long-term liabilities                (5,017)            7,702
           Net cash used in operating activities  (139,292)         (131,046)
     Cash flows from investing activities:
       Additions to property and equipment         (39,225)          (12,458)
       Sales of property and equipment                 -                  96
       Purchases of restricted and other
        investments                                 (3,000)             (310)
       Sale of investments                           5,000               -
       Merger related costs                        (10,018)           (2,901)
       Sales of available-for-sale securities            8            10,850
           Net cash used in investing
            activities                             (47,235)           (4,723)
     Cash flows from financing activities:
       Repayment of long-term borrowings              (625)              -
       Proceeds from exercise of stock options         840             1,510
           Net cash provided by financing
            activities                                 215             1,510
     Net decrease in cash and cash equivalents    (186,312)         (134,259)
     Cash and cash equivalents at the
      beginning of period                          438,820           393,421
     Cash and cash equivalents at the
      end of period                               $252,508          $259,162



    FOOTNOTES TO PRESS RELEASE AND TABLES FOR NON-GAAP FINANCIAL MEASURES

This press release, including the selected financial information above, includes the following non-GAAP financial measures: average monthly churn; SAC per gross subscriber addition; customer service and billing expenses per average subscriber; free cash flow; average monthly revenue per subscriber, or ARPU; adjusted loss from operations; and adjusted net loss. The definitions and usefulness of such non-GAAP financial measures are as follows (dollars in thousands, unless otherwise stated):

     (1) SIRIUS defines average monthly churn as the number of deactivated
         subscribers divided by average quarterly subscribers.

     (2) SIRIUS defines SAC per gross subscriber addition as subscriber
         acquisition costs, excluding stock-based compensation, and margins
         from the direct sale of SIRIUS radios and accessories divided by the
         number of gross subscriber additions for the period. SAC per gross
         subscriber addition is calculated as follows:


                                              For the Three Months
                                                    March 31,
                                              2008              2007

    Subscriber acquisition costs            $89,824          $100,117
    Less:  stock-based compensation             (14)           (1,880)
    Add:  margin from direct sales of
     SIRIUS radios and accessories            1,525             1,787
    SAC                                     $91,335          $100,024
    Gross subscriber additions            1,003,422           988,458
    SAC per gross subscriber addition           $91              $101


     (3) SIRIUS defines customer service and billing expenses per average
         subscriber as total customer service and billing expenses, excluding
         stock-based compensation, divided by the daily weighted average
         number of subscribers for the period. Customer service and billing
         expenses per average subscriber is calculated as follows:


                                                   For the Three Months
                                                      Ended March 31,
                                                  2008              2007

    Customer service and billing expenses       $26,922           $21,853
    Less:  stock-based compensation                (276)             (199)
    Customer service and billing expenses,
     as adjusted                                $26,646           $21,654
    Daily weighted average number of
     subscribers                              8,446,343         6,295,282
    Customer service and billing expenses,
      as adjusted, per average subscriber         $1.05             $1.15


     (4) SIRIUS defines free cash flow as cash flow from operating activities,
         capital expenditures, merger related costs and restricted and other
         investment activity. Free cash flow is calculated as follows:


                                                 For the Three Months
                                                    Ended March 31,
                                                 2008              2007
    Net cash used in operating activities     $(139,292)        $(131,046)
    Additions to property and equipment         (39,225)          (12,458)
    Merger related costs                        (10,018)           (2,901)
    Restricted and other investment
     activity                                     2,000              (310)
    Free cash flow                            $(186,535)        $(146,715)


     (5) SIRIUS defines ARPU as the total earned subscriber revenue and net
         advertising revenue divided by the daily weighted average number
         of subscribers for the period. ARPU is calculated as follows:


                                                 For the Three Months
                                                    Ended March 31,
                                                 2008              2007
    Subscriber revenue                         $255,640          $190,796
    Net advertising revenue                       8,408             6,721
    Total subscriber and net advertising
     revenue                                   $264,048          $197,517
    Daily weighted average number
     of subscribers                           8,446,343         6,295,282
    ARPU                                         $10.42            $10.46


     (6) SIRIUS believes average monthly churn; SAC per gross subscriber
         addition; customer service and billing expenses per average
         subscriber; free cash flow; and ARPU provide meaningful information
         regarding operating performance and liquidity and are used for
         internal management purposes; when publicly providing the business
         outlook; as a means to evaluate period-to-period comparisons; and
         to compare the company's performance to that of its competitors.
         SIRIUS also believes that investors use current and projected metrics
         to monitor performance of the business and make investment decisions.

         SIRIUS believes the exclusion of stock-based compensation expense in
         the calculations of SAC per gross subscriber addition and customer
         service and billing expenses per average subscriber is useful given
         the significant variation in expense that can result from changes in
         the fair market value of SIRIUS common stock, the effect of which is
         unrelated to the operational conditions that give rise to variations
         in the components of subscriber acquisition costs and customer
         service and billing expenses. Specifically, the exclusion of
         stock-based compensation expense in the calculation of SAC per gross
         subscriber addition is critical in being able to understand the
         economic impact of the direct costs incurred to acquire a subscriber
         and the effect over time as economies of scale are reached.

         These non-GAAP financial measures are used in addition to and in
         conjunction with results presented in accordance with GAAP. These
         non-GAAP financial measures 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 for, or superior to measures of financial performance
         prepared in accordance with GAAP.

     (7) SIRIUS refers to net loss before taxes; other income
         (expense) -- including interest and investment income, interest
         expense, equity in net loss of affiliate; depreciation; and
         stock-based compensation expense as adjusted loss from operations.
         Adjusted loss from operations is not a measure of financial
         performance under GAAP. The company believes adjusted loss from
         operations is a useful measure of its operating performance. The
         company uses adjusted loss from operations for budgetary and planning
         purposes; to assess the relative profitability and on-going
         performance of consolidated operations; to compare performance from
         period to period; and to compare performance to that of its
         competitors. The company also believes adjusted loss from operations
         is useful to investors to compare operating performance to the
         performance of other communications, entertainment and media
         companies. The company believes that investors use current and
         projected adjusted loss from operations to estimate the current or
         prospective enterprise value and make investment decisions.

         Because the company funds and builds-out its satellite radio system
         through the periodic raising and expenditure of large amounts of
         capital, results of operations reflect significant charges for
         interest and depreciation expense. The company believes adjusted loss
         from operations provides useful information about the operating
         performance of the business apart from the costs associated with the
         capital structure and physical plant. The exclusion of interest
         expense and depreciation is useful given fluctuations in interest
         rates and significant variation in depreciation expense that can
         result from the amount and timing of capital expenditures and
         potential variations in estimated useful lives, all of which can vary
         widely across different industries or among companies within the same
         industry. The company believes the exclusion of taxes is appropriate
         for comparability purposes as the tax positions of companies can vary
         because of their differing abilities to take advantage of tax
         benefits and because of the tax policies of the various jurisdictions
         in which they operate. The company also believes the exclusion of
         stock-based compensation expense is useful given the significant
         variation in expense that can result from changes in the fair market
         value of the company's common stock. Finally, the company believes
         that the exclusion of equity in net loss of affiliate (SIRIUS Canada,
         Inc.) is useful to assess the performance of its core consolidated
         operations in the continental United States. To compensate for the
         exclusion of taxes, other income (expense), depreciation, impairment
         charges and stock-based compensation expense, the company separately
         measures and budgets for these items.

         There are material limitations associated with the use of adjusted
         loss from operations in evaluating the company compared with net
         loss, which reflects overall financial performance, including the
         effects of taxes, other income (expense), depreciation, impairment
         charges and stock-based compensation expense. The company uses
         adjusted loss from operations to supplement GAAP results to provide
         a more complete understanding of the factors and trends affecting the
         business than GAAP results alone. Investors that wish to compare and
         evaluate the operating results after giving effect for these costs,
         should refer to net loss as disclosed in the unaudited consolidated
         statements of operations. Since adjusted loss from operations is a
         non-GAAP financial measure, the calculation of adjusted loss from
         operations 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, as a substitute for, or
         superior to measures of financial performance in accordance with
         GAAP.

     (8) SIRIUS refers to adjusted net loss as net loss per share excluding
         stock-based compensation expense. Adjusted net loss is not a measure
         of financial performance under GAAP. The company believes adjusted
         net loss is useful to investors to compare its operating performance
         to the performance of other communications, entertainment and media
         companies. The company also believes the exclusion of stock-based
         compensation expense is useful given the significant variation in
         expense that can result from changes in the fair market value of the
         company's common stock.

         There are material limitations associated with the use of adjusted
         net loss in evaluating the company compared with net loss, which
         reflects overall financial performance, including the effects of
         stock-based compensation expense. The company uses adjusted net loss
         to supplement GAAP results to provide a more complete understanding
         of the factors and trends affecting the business than GAAP results
         alone. Investors that wish to compare and evaluate the operating
         results after giving effect for these costs, should refer to net loss
         as disclosed in the unaudited consolidated financial statements of
         operations. Since adjusted net loss is a non-GAAP financial measure,
         the calculation of adjusted net loss 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, as a substitute for, or superior to measures of financial
         performance prepared in accordance with GAAP.


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, NBA, and broadcasts live play-by-play games of the NFL, 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 an 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 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 at shop.sirius.com and in more than 20,000 retail locations, including Best Buy, Circuit City, Crutchfield, Target, Wal-Mart, Sam's Club and RadioShack.

As of March 31, 2008, SIRIUS radios were available as a factory and dealer-installed option in 125 vehicle models and as a dealer only-installed option in 29 vehicle models.

SIRIUS has agreements with Aston Martin, Audi, Bentley, BMW, Chrysler, Dodge, Ford, Jaguar, Jeep, Kia, Land Rover, Lincoln, Maybach, Mazda, Mercedes-Benz, Mercury, MINI, Mitsubishi, Rolls-Royce, Volvo, and Volkswagen to offer SIRIUS radios as factory or dealer-installed equipment in their vehicles. SIRIUS has relationships with Toyota and Scion to offer SIRIUS radios as dealer-installed equipment, and a relationship with Subaru to offer SIRIUS radios as factory or dealer-installed equipment. SIRIUS radios are also offered to renters of Hertz vehicles at airport locations nationwide.

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

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, 2007 filed with the Securities and Exchange Commission. Among the significant factors that could cause our actual results to differ materially from those expressed are: our pending merger with XM Satellite Radio Holdings, Inc. ("XM"), including related uncertainties and risks and the impact on our business if the merger is not completed; any events which affect the useful life of our satellites; our dependence upon third parties, including manufacturers of SIRIUS radios, retailers, automakers and programming providers; and our competitive position versus other audio entertainment providers.

    E-SIRI

     CONTACT INFORMATION FOR INVESTORS AND FINANCIAL MEDIA:

     Paul Blalock
     SIRIUS
     212.584.5174
     pblalock@siriusradio.com

     Hooper Stevens
     SIRIUS
     212.901.6718
     hstevens@siriusradio.com

SOURCE SIRIUS Satellite Radio

http://www.sirius.com

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