News Releases

February 10, 2004

Following is a copy of a press release issued by Standard Radio.

Standard Radio Partners With CBC/Radio-Canada and SIRIUS to Bring Satellite Radio to Canadians

New York and Toronto — Standard Radio Inc. of Canada today announced that it will join with CBC/Radio-Canada and SIRIUS Satellite Radio (NASDAQ: SIRI) in a joint venture to bring satellite radio to Canadians.

"As this country's largest privately-owned broadcaster we are excited to be partnering with CBC/Radio-Canada and with SIRIUS," said Gary Slaight, President and CEO, Standard Radio Inc. "Not only will this service expand the choices available to Canadians, it will also create new opportunities for Canadian talent on this new platform."

In December 2003, CBC/Radio-Canada and SIRIUS announced their partnership to bring satellite radio to Canada, and filed an application with the Canadian Radio-television and Telecommunications Commission (CRTC). If licensed by the CRTC, this new Canadian-controlled subscription-based service will be available across the country, from urban centers to the most remote regions of the country.

"Standard Radio has a long and distinguished history, especially in terms of innovative programming and support for Canadian talent, and will be an excellent partner in this exciting venture which will bring a fresh new national service to Canadians," added Robert Rabinovitch, President and CEO, CBC/Radio-Canada. "Through this and other strategic partnerships CBC/Radio-Canada is able to better fulfil its mandate by providing Canadians with even greater access to a wide range of commercial-free music, information, and entertainment programming, including Canadian content."

"We are thrilled to welcome Standard Radio Inc. to this exciting initiative," said Joseph P. Clayton, President and CEO of SIRIUS. "Working closely with CBC/Radio-Canada, we believe that this combination of broadcasting experience and unique entertainment programming will be a great benefit to Canadians. Plus, our exclusive car manufacturers, DaimlerChrysler, Ford and BMW, sell over half a million vehicles in Canada each year, so this will enhance our reach as well."

About CBC/Radio-Canada

CBC/Radio-Canada is Canada's national public broadcaster and one of its largest cultural institutions. CBC/Radio-Canada reaches Canadians through eight national radio and television networks, its full-service Web sites, local/regional stations and affiliates, as well as the digital television channel Country Canada and the continuous music network Galaxie. In addition, CBC/Radio-Canada has forged partnerships with other broadcasters and is a partner in the satellite radio service SIRIUS Canada as well as in the specialty television services ARTV and The Documentary Channel. Through this array of activities, CBC/Radio-Canada brings diverse regional and cultural perspectives into the daily lives of Canadians in English, French and eight aboriginal languages. (2006)

For additional information, please contact:

Katherine Heath-Eves
Media Relations
CBC/Radio-Canada (Ottawa)
Tel: (613) 288-6235
heathevk@cbc.ca
www.cbc.radio-canada.ca