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FOX Business Network to Air on XM Satellite Radio

NEW YORK and WASHINGTON, June 18 PRNewswire-FirstCall — FOX Business Network (FBN) and XM Satellite Radio today announced that FBN will begin airing nationwide on XM on July 14. XM, the nation's leading satellite radio company with more than 9.3 million subscribers, will air FBN across the U.S. on XM channel 128.

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In making the joint announcement, XM executive vice president of programming Eric Logan said, "FOX Business brings a great line-up of business news and analysis for XM listeners nationwide. This is the latest milestone in a long and productive partnership between FOX News and XM."

Kevin Magee, executive vice president, FOX News, added, "FOX News and FOX News Talk are two popular XM radio channels and we are pleased to offer this additional service for listeners. With XM radio, people can access FOX Business and track their investments, wherever they are."

Launched in October 2007, FBN is a financial news channel delivering real-time business news across all platforms that impact both Main Street and Wall Street. Home to leading financial journalists such as Neil Cavuto, Alexis Glick, David Asman and Liz Claman, FBN is the latest addition to XM's 170-plus radio channels, which include FOX News (XM 121) and FOX News Talk (XM 168).

About XM

XM (Nasdaq: XMSR) is America's number one satellite radio company with more than 9.3 million subscribers. Broadcasting live daily from studios in Washington, DC, New York City, Chicago, Nashville, Toronto and Montreal, XM's 2008 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, Ferrari, Subaru, Suzuki, and Toyota, is available in 140 different vehicle models for 2008. XM's industry-leading products are available at consumer electronics retailers nationwide. XM programming is also available through XM Radio Online, as downloads of original XM shows via podcasts from XM's Web site or the Apple's iTunes Store, and as streams of commercial-free XM music channels to AT&T and Alltel wireless customers through XM Radio Mobile. For more information about XM hardware, programming and partnerships, please visit http://www.xmradio.com/.

About FOX Business Network

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York-the business capital of the world-FBN launched in October 2007 and is available in more than 35 million homes in major markets across the United States. Owned by News Corp, the network has bureaus in Chicago, Los Angeles, Silicon Valley, Washington, DC and London. On the web at www.foxbusiness.com .

Factors that could cause actual results to differ materially from those in the forward-looking statements in this press release include demand for XM Satellite Radio's service, the Company's dependence on technology and third party vendors, its potential need for additional financing, as well as other risks described in XM Satellite Radio Holdings Inc.'s Form 10-K filed with the Securities and Exchange Commission on 2-28-08. Copies of the filing are available upon request from XM Radio's Investor Relations Department. Programming is subject to change.

SOURCE XM

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