New York State Federation of Hispanic Chambers of Commerce Lends its Overwhelming Support to SIRIUS/XM Satellite Radio Merger

New York State Federation of Hispanic Chambers of Commerce Lends its Overwhelming Support to SIRIUS/XM Satellite Radio Merger

This Satellite Radio Merger Will be a Win-Win for our Businesses and our Community and We Wholeheartedly Support it - Alfred Placeres, Esq. President, NYSFHCC

NEW YORK, June 7 /PRNewswire/ -- New York State Federation of Hispanic Chambers of Commerce (NYSFHCC), one of the largest statewide advocates for the country's two million Hispanic-owned businesses, today voiced its overwhelming support of the merger of SIRIUS (NASDAQ:SIRI) and XM Satellite Radios (NASDAQ:XMSR).

"The Hispanic marketplace is expanding at an unprecedented rate not only in large metropolitan areas, but in every remote corner of the nation," said Alfred Placeres, Esq. NYSFHCC President. "We firmly believe that alternative news sources found in satellite radio have played a role in fueling this economic growth and we strongly urge the merger's approval."

Satellite radio is a central new source of information for Latinos and Hispanic Americans, providing many listening options unavailable on terrestrial radio. With CNN en Espanol, ESPN Deportes, and a wide variety of Latin music channels, both SIRIUS and XM have demonstrated a keen awareness and interest in the Hispanic marketplace.

"With expanded choices and better prices, satellite radio will be an even more attractive option for consumers, and this ultimately benefits our Chamber members and the two-million Latino-owned businesses in the U.S.," added Placeres. "Our community is more informed and better prepared to make important business decisions as a result."

The NYSFHCC joins a host of prominent national organizations including The Latino Coalition, The League of United Latin American Citizens (LULAC), National Black Chamber of Commerce, Hispanic Federation and League of Rural Voters in supporting this merger for the benefit of Hispanic-American businesses and the community at large.

New York State Federation of Hispanic Chambers of Commerce serves as an umbrella organization and network for more than 40 organizations. We are dedicated to sharing resources, opportunities and information to strengthen and serve the Hispanic Business Community.

Source: New York State Federation of Hispanic Chambers of Commerce

CONTACT: Alfred Placeres of NYSFHCC, +1-212-222-8300

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