America Online And XM Radio To Create Online Service

SPACEMART

New York (SPX) Apr 12, 2005
America Online and XM Satellite Radio announced Monday that they will join forces to create a new online radio service.

The service brings together the best of both XM and the AOL Radio Network products and programming to form the world's largest combined digital radio network.

The new co-branded service will include a free, web radio offering and an enhanced premier radio offering that will be available to AOL members at no additional charge and as a premium service to consumers on the web.

The new offerings, which are expected to roll out beginning this summer with the launch of AOL's next generation AOL.com web portal, will be promoted to an audience of upwards of 100 million consumers online.

AOL and XM will co-promote their unique, original programs across their networks including to XM's nearly 3.8 million subscribers - the number one satellite radio audience - and to AOL's more than 100 million unique monthly visitors across the AOL network of properties.

In addition to establishing the new online radio service, XM will integrate select AOL original programs such as Radio KOL, AOL Music Sessions and AOL Music LIVE! into its satellite radio service, which is available to listeners in cars as well as on home entertainment and portable devices.

The companies will also work together to develop new programs and services for the online and satellite space.

"The combination of our leadership in online programming and XM's leadership in satellite programming represents a giant step in digital media," said Jon Miller, Chairman and CEO of America Online.

"This relationship creates important and valuable opportunities across our core businesses enabling us to provide unique value for our large web audience, enhanced programming for our existing and new AOL members, and the ability to introduce new premium services."

"Our philosophy at XM has always been to work with strong partners at every level: retail, automotive, and now online to build awareness and subscriptions for XM. We are thrilled to be partnering with AOL and combining the creative resources of these two great companies," said Hugh Panero, XM Satellite Radio president and CEO.

"The multi-tiered co-branded radio offerings will feature a number of popular stations currently offered by the AOL Radio Network and XM Satellite Radio."

The new co-branded online radio service will feature a best-of-breed selection of AOL Radio Network and XM Radio exclusive and original content such as AOL's Radio KOL, AOL Music Sessions and AOL Music LIVE! and original XM programs such as Artist Confidential and Then...Again.. Live! and more.

Consumers will have the ability to select the offering that best meets their needs. The co-branded offerings will include:

- A new, unlimited listening web radio service featuring a sampling of 20 XM stations plus 130 AOL Radio stations that will be available free on the web;

- An enhanced version of AOL's popular premium radio service featuring over 70 XM stations plus over 130 AOL Radio original and third party stations that will be available to AOL members at no additional charge and to consumers on the web for a low monthly fee.

"Our focus has always been on making the most valuable interactive programming and brands easily accessible to the broadest audience," said Jim Bankoff, Executive Vice President, Programming and Products for America Online.

"Now, as we prepare to launch our new portal and expand onto the web, we're excited to step it up with this groundbreaking collaboration. Our relationship with XM enables us to enrich our mix of premier programming experiences while also extending the reach of our popular franchises to new platforms."

SPACEMART

Space Systems/Loral Begins Construction of TerreStar Satellite System

Palo Alto CA (SPX) Apr 12, 2005
Space Systems/Loral announced Monday that it has completed design reviews of TerreStar Networks's geostationary satellite, TerreStar-1, and entered into the construction phase of the Mobile Satellite Services (MSS) program.

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