RIVALS SIRIUS, XM INK SIMILAR DEALS WITH ABC RADIO

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(July 17, 2001) -- Rival satellite radio companies Sirius Satellite Radio and XM Satellite Radio Holdings announced similar broadcast deals with Walt Disney Co.'s ABC Radio Networks, the second-largest U.S. radio network behind Clear Channel Communications' Premiere Radio Networks.

Sirius will broadcast five of ABC's sports and entertainment channels via its network, which will transmit digital-quality radio through its orbiting satellites when it launches 100 channels later this year. Sirius subscribers, who will pay $12.95 a month for the service, will be able to listen to Radio Disney, ESPNEWS, ESPN Radio, ABC NewsTalk and a new Sirius-ABC joint channel created for truckers.

XM, scheduled to launch 100 channels for $9.95 a month at the end of the summer or early fall, will also air ESPN Radio, Radio Disney and ABC NewsTalk. Clear Channel is a financial backer of XM. -- Cara Beardi

Copyright July 2001, Crain Communications Inc.

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