SiriusXM to Broadcast Live 2012 FIA Formula One World Championship™ Events Nationwide

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NEW YORK, March 15, 2012 /PRNewswire/ -- Sirius XM Radio (NASDAQ: SIRI) will broadcast every 2012 FIA Formula One World Championship™ race live, offering comprehensive coverage of the sport to listeners nationwide.

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SiriusXM's 2012 coverage begins with this week's season-opening event, the 2012 FORMULA 1 QANTAS AUSTRALIAN GRAND PRIX in Melbourne, which will air Sunday, March 18 (2:00 am ET).  Every race, all season long, will air live on Sirius channel 94 and XM channel 208, including the 2012 FORMULA 1 UNITED STATES GRAND PRIX in Texas on November 18.  This season marks the return of the FORMULA 1 UNITED STATES GRAND PRIX event, which was last run in 2007.  The race will be run for the first time at the custom built Circuit of the Americas in Austin.

In addition to live coverage of each race, SiriusXM offers multiple replays, giving listeners several opportunities to hear every event.  The 2012 FORMULA 1 QANTAS AUSTRALIAN GRAND PRIX will be rebroadcast Sunday, March 18 (9:00 am ET) and Saturday, March 24 (8:00 am ET) on Sirius channel 94 and XM channel 208.

Subscribers who have SiriusXM Internet radio access can also listen to live Formula 1™ race broadcasts through their computers at www.siriusxm.com and through the SiriusXM Internet Radio App for smartphone and wireless devices.

"This is shaping up to be an incredibly exciting season for Formula 1™," said Scott Greenstein, SiriusXM's President and Chief Content Officer.  "With one of the most talented fields in recent memory and the return of the FORMULA 1 UNITED STATES GRAND PRIX, racing fans around the country will be focused in on the sport from start to finish.   With SiriusXM, those fans will have access to live turn-by-turn action of every race, as well as several race replays, giving them multiple chances to catch the excitement of these world class events."

The FIA Formula One World Championship™ is the highest end of open wheeled motor racing.  The 2012 season runs from March through November and consists of 20 Grand Prix™ races run on road course tracks, as well as some closed city streets circuits.  The results of each race are combined to determine two annual World Championships, one for drivers and one for constructors (teams).

This season's field of drivers features six world champions who account for 14 titles between them.  Reigning champion Sebastian Vettel and Red Bull are seeking their third consecutive drivers' championship and constructor's championship.  Joining them in the grid will be seven-time champion Michael Schumacher (Mercedes), Fernando Alonso (Ferrari), who is seeking his third title, and past champions Lewis Hamilton (McLaren), Jenson Button (McLaren) and Kimi Raikkonen (Lotus).

For more information and a schedule of upcoming Formula 1™ races on SiriusXM please visit www.siriusxm.com/f1.  

About Sirius XM Radio

Sirius XM Radio is America's satellite radio company.  SiriusXM broadcasts more than 135 satellite radio channels of commercial-free music, and premier sports, news, talk, entertainment, traffic, weather, and data services to over 21 million subscribers. SiriusXM offers an array of content from many of the biggest names in entertainment, as well as from professional sports leagues, major colleges, and national news and talk providers.

SiriusXM programming is available on more than 800 devices, including pre-installed and after-market radios in cars, trucks, boats and aircraft, smartphones and mobile devices, and consumer electronics products for homes and offices. SiriusXM programming is also available at siriusxm.com, and on Apple, BlackBerry and Android-powered mobile devices.

SiriusXM has arrangements with every major automaker and its radio products are available for sale at shop.siriusxm.com as well as retail locations nationwide.

This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.  Such statements include, but are not limited to, statements about future financial and operating results, our plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "believe," "intend," "plan," "projection," "outlook" or words of similar meaning.  Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control.  Actual results may differ materially from the results anticipated in these forward-looking statements.  

The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements:  our competitive position versus other forms of audio entertainment; our dependence upon automakers; general economic conditions; failure of our satellites, which, in most cases, are not insured; our ability to attract and retain subscribers at a profitable level; royalties we pay for music rights; the unfavorable outcome of pending or future litigation; failure of third parties to perform; and our substantial indebtedness.  Additional factors that could cause our results to differ materially from those described in the forward-looking statements can be found in our Annual Report on Form 10-K for the year ended December 31, 2011, which is filed with the Securities and Exchange Commission (the "SEC") and available at the SEC's Internet site (http://www.sec.gov).  The information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this communication.

F1, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trademarks of Formula One Licensing BV, a Formula One group company. All rights reserved.

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Media Contact:
Andrew FitzPatrick
SiriusXM
212-901-6693
[email protected]

SOURCE Sirius XM Radio