Sirius XM to Make Leasing Information Available

As a condition of the merger of satellite radio providers XM radio and Sirius Radio, the Federal Communications Commission required the merged company to enter into long-term leases or other agreements to provide Qualified Entities with rights to use four percent of the full-time audio channels on the Sirius platform and four percent of the full-time audio channels on the XM platform. The FCC also required Sirius XM to notify it regarding a public website or similarly accessible source where it would make available information relating to the application process. No later than November 23, 2010, Sirius XM will make the following information available at www.siriusxm.com/qualifiedentity:

1) the definition of Qualified Entity;
2) the deadline and procedures for submitting applications to lease channels capacity;
3) any specific information that it will require applicants to submit; and
4) any specific application criteria that Sirius XM intends to apply in reviewing potential lessees.