Concerning the Sirius XM and Liberty Media Agreement - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

VJCamaro · 02-20-2009, 06:52 PM

I received this email, because I currently have a year of service with XM in my current vehicle. Thought I would share this information, for those of you that wondered about XM/Sirius and the availability of it in our 2010's.

As you may have recently read, Liberty Media Corporation announced on February 17 that they have entered into an agreement with SIRIUS XM* to provide loans in exchange for a 40% equity interest and Board of Directors representation.

It is our understanding that this agreement enables SIRIUS XM to continue to develop the opportunities previously noted in the merger of SIRIUS and XM and it helps strengthen the capital structure and financial flexibility of the company going forward.

We are excited about this positive development that will better enable XM to continue providing great content and innovative programming.

GM will continue to work with SIRIUS XM as they venture into this new partnership.

Richard M. Lee
Executive Director, Satellite Radio Services – GM

med247 · 02-20-2009, 07:38 PM

cool thanks for the update

02-20-2009, 06:52 PM	#1
VJCamaro Please not have any Delay Drives: 2SS, RS, Sunroof, Polished Join Date: Jan 2009 Location: Hammond, LA Posts: 205	Concerning the Sirius XM and Liberty Media Agreement I received this email, because I currently have a year of service with XM in my current vehicle. Thought I would share this information, for those of you that wondered about XM/Sirius and the availability of it in our 2010's. As you may have recently read, Liberty Media Corporation announced on February 17 that they have entered into an agreement with SIRIUS XM* to provide loans in exchange for a 40% equity interest and Board of Directors representation. It is our understanding that this agreement enables SIRIUS XM to continue to develop the opportunities previously noted in the merger of SIRIUS and XM and it helps strengthen the capital structure and financial flexibility of the company going forward. We are excited about this positive development that will better enable XM to continue providing great content and innovative programming. GM will continue to work with SIRIUS XM as they venture into this new partnership. Richard M. Lee Executive Director, Satellite Radio Services – GM

02-20-2009, 07:38 PM	#2
med247 Drives: explorer Join Date: Sep 2008 Location: pa Posts: 47	cool thanks for the update