Friday, March 23, 2007

Sirius + XM Comment On FCC HD Radio Decision

SIRIUS AND XM COMMENT ON FCC HD RADIO DECISION
Washington, DC and New York, NY – March 23, 2007 –

XM Satellite Radio (Nasdaq: XMSR) and SIRIUS Satellite Radio (Nasdaq: SIRI) today issued the following comment on the Federal Communications Commission (FCC) decision adopting new rules for digital audio broadcasting:
“The FCC decision underlines that HD radio on the AM/FM bands provide a real alternative to satellite, and that the current audio entertainment market is broad, robust and competitive. The decision will raise competition to a new level by stimulating the growth in HD radio stations (now 1200), enhancing its offerings to consumers, and establishing a process for the first time for free radio to compete for paid subscribers.” ...read more: here