XM and Knitting Factory Entertainment Live Music Series to Debut March 2 on XMU

WASHINGTON and NEW YORK, Feb. 27 /PRNewswire-FirstCall/ -- XM, the nation's leading satellite radio service, in collaboration with Knitting Factory Entertainment (KFE), the leading authority on live emerging music, today announced the alternative music performance series "Live From The Knitting Factory on XMU" will premiere on March 2. Co-created and co-produced by KFE and XMU, XM's indie/college music channel (XM 43), the weekly concert series will feature performances from both up-and-coming and established alternative bands recorded at Knitting Factory clubs in New York and Los Angeles.

Each "Live From The Knitting Factory on XMU" performance will capture the spontaneity and eclectic energy that has been the signature of Knitting Factory concerts, while spotlighting emerging artists across multiple genres. Art Brut, Beauty Pill, Chin Up Chin Up, Georgie James and Portastatic, among others, will be featured during the first season of the series.

The British duo, The Boy Least Likely To, will kick off the new series March 2 during its regular timeslot, Fridays at 10 p.m. ET on XMU (XM 43). The upcoming broadcast schedule for "Live From The Knitting Factory on XMU" also includes:

  March 9 - ART BRUT
  March 16 - MAZARIN
  March 23 - THE BROKEN WEST
  March 30 - PORTASTATIC

To coincide with the launch of "Live From The Knitting Factory on XMU," music fans will have access to XMU throughout March on the AOL Radio Network featuring XM. To access XMU or any of the 20 XM channels offered free through AOL's leading web radio service, visit http://www.aolradio.com/ (click on XMU channel 43 beginning March 1).

About XM

XM (NASDAQ: XMSR) is America's number one satellite radio company with more than 7.6 million subscribers. Broadcasting live daily from studios in Washington, DC, New York City, Chicago, the Country Music Hall of Fame in Nashville, Toronto and Montreal, XM's 2007 lineup includes more than 170 digital channels of choice from coast to coast: commercial-free music, premier sports, news, talk radio, comedy, children's and entertainment programming; and the most advanced traffic and weather information.

XM, the leader in satellite-delivered entertainment and data services for the automobile market through partnerships with General Motors, Honda, Hyundai, Nissan, Porsche, Subaru, Suzuki and Toyota is available in 140 different vehicle models for 2007. XM's industry-leading products are available at consumer electronics retailers nationwide. For more information about XM hardware, programming and partnerships, please visit http://www.xmradio.com/.

About Knitting Factory Entertainment

Founded in 1987, Knitting Factory Entertainment is America's most prolific presenter of new and emerging musical talent. With more than 5,000 live music performances each year at its multi-stage New York and Hollywood venues, this treasured New York cultural icon has been transformed into a leading national arbiter and filter of 'what's next' in the emerging music scene. Rising stars such as M.I.A., The Arcade Fire, Fall Out Boy, and Sufjan Stevens have all appeared on Knitting Factory stages, as have some of today's best-known artists, such as Beck, PJ Harvey and Death Cab for Cutie, early in their careers.

With a focus on the creation of a national platform with direct, demonstrable contact with the urban active demographic, the Knitting Factory is actively creating a next-generation music venue by developing a presence in the digital content space through unique media partnerships that harness KFE's power as an aggregator of exclusive live performance content.

KFE's Bravo Entertainment division is a leading regional concert promoter with operations across 18 states and wholly owned venues in Boise, Idaho, and Spokane, Wash.

For more information, please visit http://www.knittingfactory.com/.

Factors that could cause actual results to differ materially from those in the forward-looking statements in this press release include demand for XM Satellite Radio's service, the Company's dependence on technology and third party vendors, its potential need for additional financing, as well as other risks described in XM Satellite Radio Holdings Inc.'s Form 10-K filed with the Securities and Exchange Commission on 3-9-06. Copies of the filing are available upon request from XM Radio's Investor Relations Department.