Hispanic Federation Response to DOJ Approval of XM-SIRIUS Merger

Mar.25, 2008 in Market Outlook

NEW YORK, March 25, 2008 /PRNewswire-USNewswire via COMTEX/ — In response to the
U.S. Department of Justice’s approval of the XM (XMSR) and SIRIUS (SIRI) merger,
Hispanic Federation President Lillian Rodriguez-Lopez issued the following
statement:

“The announcement from the U.S. Department of Justice is welcome news to the
thousands of minority consumers who will soon experience the many benefits of a
combined XM/SIRIUS satellite radio. After more than a year of careful review,
anti-trust officials confirmed that the audio entertainment market is robust and
competitive and will remain so after the companies have merged. We look forward
to the FCC’s approval of the merger and continuing our work with the combined
company for the benefit of all minority listeners.”

The Hispanic Federation is a service-oriented membership organization of 90
Latino health and human service agencies dedicated to promoting the social,
political, and economic well-being of the Latino community. The Federation
provides essential services geared toward strengthening and supporting Latino
institutions serving over 1.5 million Hispanics living in the Northeast region.
For more information, please visit http://www.hispanicfederation.org.

SOURCE The Hispanic Federation
http://www.hispanicfederation.org/

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