FamilyNet Throws Its Support Behind SIRIUS-XM Satellite Radio Merger

FamilyNet Throws Its Support Behind SIRIUS-XM Satellite Radio Merger

FORT WORTH, Texas, June 26 /PRNewswire-USNewswire/ -- FamilyNet Radio, the voice of Christian Talk on SIRIUS Satellite Radio (NASDAQ:SIRI), today announced its strong support for the pending merger between SIRIUS and XM Satellite Radio (NASDAQ:XMSR).

"FamilyNet has found satellite radio to be an ideal medium for bringing our message to consumers," said R. Martin Coleman, chief operating officer for FamilyNet Radio, in a letter to the Federal Communications Commission (FCC). "We support any efforts, including the SIRIUS-XM merger, which will help satellite radio survive and continue to benefit the public for many years to come."

Broadcast on SIRIUS Channel 161, FamilyNet radio delivers Christian Talk to millions of listeners nationwide. Coleman added that "merging with XM Satellite radio will allow our rich blend of family-friendly and faith-based news and entertainment to reach an even larger audience, many in remote areas who would otherwise not have access to Christian programming through traditional terrestrial radio."

In his letter to the FCC, Coleman said that the proposed merger would only enhance consumer choice and the ability of Christian programmers and others alike to offer increased programming options to a diverse range of listeners. "Audio programmers will continue to have many distribution avenues available to them after this merger. In fact, the merger will create more programming opportunities on satellite radio, by enabling SIRIUS and XM to remove duplicative channels and thereby increase channel capacity."

Coleman said he believes that, following the merger, a larger Christian audience will be able to enjoy the same popular program offerings as now including Mornings with Lorri & Friends, In Touch with Charles Stanley, Turning Point with David Jeremiah, Way of the Master, and many others, at prices at or even below the current monthly offering. He said he also believes the merger will allow consumers to enjoy the best of both satellite radio services at a combined cost of less than what it would cost to purchase both today.

FamilyNet urged the FCC to consider this matter and approve the two companies' merger applications as quickly as possible.

Based in Fort Worth, Texas, FamilyNet TV can be seen in approximately 29 million TV households and is owned by the North American Mission Board of the Southern Baptist Convention. FamilyNet also operates the Christian talk channel (161) on SIRIUS Radio. For more information, visit the FamilyNet Web site at http://www.familynet.com/ or call (800) 832-6638.

Source: SIRIUS

CONTACT: R. Chip Turner of FamilyNet, Direct: +1-817-570-1423, Fax:
+1-817-737-7853, Toll Free: +1-800-832-6638, cturner@FamilyNet.com

Web site:

http://www.familynet.com/

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