NEW YORK, Jan. 15, 2015 /PRNewswire/ -- SiriusXM today
announced the selection procedure to lease one Qualified Entity
channel to be broadcast via satellite and available online.
The lease opportunity is part of SiriusXM's voluntary commitment
stemming from the merger of Sirius and XM in 2008.
The Federal Communications Commission has made this set-aside
available only to lessees that are not directly or indirectly
owned, in whole or in part, by SiriusXM or an affiliate of
SiriusXM; do not share any common officers, directors or employees
with SiriusXM or any affiliate of SiriusXM; and do not have any
existing relationships with SiriusXM for the supply of programming
during the two years prior to October 19,
2010.
SiriusXM is looking for the following in making its selection
for this set-aside: Programming representing diverse
viewpoints and/or diverse entertainment content; improved service
to historically underserved audiences; original content of a type
not otherwise available to SiriusXM subscribers; and access to new
sources of content and new entrants to mass media.
Applications should demonstrate that the proposer has the
financial, operational, and technical ability to perform its
obligations under the lease. SiriusXM will select a
programmer that, in its judgment, will be able to meet its
obligations and deliver its proposed mix or type of programming for
the duration of the lease term.
The satellite channel will be available only on SiriusXM
satellite radios designed to receive the Sirius satellite network,
online at SiriusXM.com and via the SiriusXM Internet Radio App for
smartphones and other connected devices.
Applications are due by March 2,
2015. SiriusXM intends to inform the FCC of its tentative
selection on or before April 27,
2015. SiriusXM expects to sign a lease agreement by
June 11, 2015.
At the same time, SiriusXM will also select one additional
channel for its public interest set-aside. This channel will
also be receivable only on satellite radios designed to receive the
Sirius satellite network and via the SiriusXM Internet Radio App
for smartphones and other connected devices, as well as online at
siriusxm.com. For updated information and procedures for
submitting applications for these set-aside channels, please visit
siriusxm.com/qualifiedentity.
About SiriusXM
Sirius XM Holdings Inc. (NASDAQ: SIRI) is the world's largest
radio broadcaster measured by revenue and has 27.3 million
subscribers. SiriusXM creates and broadcasts commercial-free
music; premier sports talk and live events; comedy; news; exclusive
talk and entertainment; and the most comprehensive Latin music,
sports and talk programming in radio. SiriusXM is available in
vehicles from every major car company in the U.S. and from
retailers nationwide as well as at shop.siriusxm.com. SiriusXM
programming is available through the SiriusXM Internet Radio App
for smartphones and other connected devices as well as online at
siriusxm.com. SiriusXM also provides premium traffic, weather, data
and information services for subscribers in cars, trucks, RVs,
boats and aircraft through SiriusXM Traffic™, SiriusXM Travel Link,
NavTraffic®, NavWeather™, SiriusXM Aviation, SiriusXM Marine™,
Sirius Marine Weather, XMWX
Aviation™, and XMWX Marine™. SiriusXM holds a minority
interest in SiriusXM Canada which has more than 2 million
subscribers. SiriusXM is also a leading provider of connected
vehicles services to major automotive manufacturers, giving
customers access to a suite of safety, security, and convenience
services including automatic crash notification, stolen vehicle
recovery assistance, enhanced roadside assistance and turn-by-turn
navigation.
On social media, join the SiriusXM community on Facebook,
Twitter, Instagram, and YouTube.
This communication contains "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such statements include, but are not limited to,
statements about future financial and operating results, our plans,
objectives, expectations and intentions with respect to future
operations, products and services; and other statements identified
by words such as "will likely result," "are expected to," "will
continue," "is anticipated," "estimated," "believe," "intend,"
"plan," "projection," "outlook" or words of similar meaning.
Such forward-looking statements are based upon the current beliefs
and expectations of our management and are inherently subject to
significant business, economic and competitive uncertainties and
contingencies, many of which are difficult to predict and generally
beyond our control. Actual results may differ materially from
the results anticipated in these forward-looking
statements.
The following factors, among others, could cause actual
results to differ materially from the anticipated results or other
expectations expressed in the forward-looking statements: our
competitive position versus other radio and audio entertainment
providers; our ability to attract and retain subscribers, which is
uncertain; our dependence upon the auto industry; general economic
conditions; failure of our satellites, which, in most cases, are
not insured; the interruption or failure of our information and
communications systems; the security of the personal information
about our customers; royalties we pay for music rights, which
increase over time; the unfavorable outcome of pending or future
litigation; our failure to realize benefits of acquisitions; rapid
technological and industry change; failure of third parties to
perform; changes in consumer protection laws and their enforcement;
failure to comply with FCC requirements and other government
regulations; and our indebtedness. Additional factors that
could cause our results to differ materially from those described
in the forward-looking statements can be found in our Annual Report
on Form 10-K for the year ended December 31,
2013, which is filed with the Securities and Exchange
Commission (the "SEC") and available at the SEC's Internet site
(http://www.sec.gov). The information set forth
herein speaks only as of the date hereof, and we disclaim any
intention or obligation to update any forward looking statements as
a result of developments occurring after the date of this
communication.
G - SIRI
Contact for SiriusXM:
Sal Resendez
646 313 2405
sal.resendez@siriusxm.com
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SOURCE Sirius XM Holdings Inc.