1B?U@+(`.743O743\4 … communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include,

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-----BEGIN PRIVACY-ENHANCED MESSAGE-----Proc-Type: 2001,MIC-CLEAROriginator-Name: [email protected]: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQABMIC-Info: RSA-MD5,RSA, GeDDvLSrniHnt7rXcgPLTL3MB3AsAxq4R8Wxl3anQiH8VaDlOownXdyD370tGIe6 ZU6kxPnqZh7mBZhBMSF7sw==

0000950123-07-010947.txt : 200708070000950123-07-010947.hdr.sgml : 2007080720070807103432ACCESSION NUMBER:0000950123-07-010947CONFORMED SUBMISSION TYPE:425PUBLIC DOCUMENT COUNT:3FILED AS OF DATE:20070807DATE AS OF CHANGE:20070807

SUBJECT COMPANY:

COMPANY DATA:COMPANY CONFORMED NAME:XM SATELLITE RADIO HOLDINGS INCCENTRAL INDEX KEY:0001091530STANDARD INDUSTRIAL CLASSIFICATION:COMMUNICATION SERVICES, NEC [4899]IRS NUMBER:541878819STATE OF INCORPORATION:DEFISCAL YEAR END:1231

FILING VALUES:FORM TYPE:425SEC ACT:1934 ActSEC FILE NUMBER:000-27441FILM NUMBER:071030285

BUSINESS ADDRESS:STREET 1:1500 ECKINGTON PL NECITY:WASHINGTONSTATE:DCZIP:20002BUSINESS PHONE:2023804000

MAIL ADDRESS:STREET 1:1500 ECKINGTON PL NECITY:WASHINGTONSTATE:DCZIP:20002

FILED BY:

COMPANY DATA:COMPANY CONFORMED NAME:SIRIUS SATELLITE RADIO INCCENTRAL INDEX KEY:0000908937STANDARD INDUSTRIAL CLASSIFICATION:RADIO BROADCASTING STATIONS [4832]IRS NUMBER:521700207STATE OF INCORPORATION:DEFISCAL YEAR END:1231

FILING VALUES:FORM TYPE:425

BUSINESS ADDRESS:STREET 1:1221 AVENUE OF THE AMERICASSTREET 2:36TH FLOORCITY:NEW YORKSTATE:NYZIP:10020BUSINESS PHONE:2128995000

MAIL ADDRESS:STREET 1:1221 AVENUE OF THE AMERICASSTREET 2:36TH FLOORCITY:NEW YORKSTATE:NYZIP:10020

FORMER COMPANY:FORMER CONFORMED NAME:CD RADIO INCDATE OF NAME CHANGE:19940203

4251y37487de425.htmFORM 425

425

Filed by Sirius Satellite Radio Inc.
Pursuant to Rule425 under the
Securities Act of 1933 and deemed filed
pursuant to Rule14a-12 under the
Securities Exchange Act of 1934

Subject Company: XM Satellite Radio Holdings Inc.
Commission File No.: 0-27441

This communication contains forward-looking statements within the meaning of the PrivateSecurities Litigation Reform Act of 1995. Such statements include, but are not limited to,statements about the benefits of the business combination transaction involving Sirius SatelliteRadio Inc. and XM Satellite Radio Holdings Inc., including potential synergies and cost savings andthe timing thereof, future financial and operating results, the combined companys plans,objectives, expectations and intentions with respect to future operations, products and services;and other statements identified by words such as anticipate, believe, plan, estimate,expect, intend, will, should, may, or words of similar meaning. Such forward-lookingstatements are based upon the current beliefs and expectations of SIRIUS and XMs management andare inherently subject to significant business, economic and competitive uncertainties andcontingencies, many of which are difficult to predict and generally beyond the control of SIRIUSand XM. Actual results may differ materially from the results anticipated in these forward-lookingstatements.

The following factors, among others, could cause actual results to differ materially from theanticipated results or other expectations expressed in the forward-looking statement: generalbusiness and economic conditions; the performance of financial markets and interest rates; theability to obtain governmental approvals of the transaction on a timely basis; the failure ofSIRIUS and XM stockholders to approve the transaction; the failure to realize synergies andcost-savings from the transaction or delay in realization thereof; the businesses of SIRIUS and XMmay not be combined successfully, or such combination may take longer, be more difficult,time-consuming or costly to accomplish than expected; and operating costs and business disruptionfollowing the merger, including adverse effects on employee retention and on our businessrelationships with third parties, including manufacturers of radios, retailers, automakers andprogramming providers. Additional factors that could cause SIRIUS and XMs results to differmaterially from those described in the forward-looking statements can be found in SIRIUS and XMsAnnual Reports on Form 10-K for the year ended December31, 2006, SIRIUS and XMs QuarterlyReports on Form 10-Q for the quarter ended March31, 2007, and XMs Quarterly Report on Form 10-Qfor the quarter ended June30, 2007, which are filed with the Securities and Exchange Commission(the SEC) and available at the SECs Internet site (http://www.sec.gov). The information setforth herein speaks only as of the date hereof, and SIRIUS and XM disclaim any intention orobligation to update any forward looking statements as a result of developments occurring after thedate of this communication.

Important Additional Information Will be Filed with the SEC

This communication is being made in respect of the proposed business combination involvingSIRIUS and XM. In connection with the proposed transaction, SIRIUS has filed with the SEC aRegistration Statement on Form S-4 containing a preliminary Joint Proxy Statement/Prospectus andeach of SIRIUS and XM plans to file with the SEC other documents regarding the proposedtransaction. The definitive Joint Proxy Statement/Prospectus will be mailed to stockholders ofSIRIUS and XM. INVESTORS AND SECURITY

HOLDERS OF SIRIUS AND XM ARE URGED TO READ THE PRELIMINARY JOINT PROXY STATEMENT/PROSPECTUSAND THE DEFINITIVE JOINT PROXY STATEMENT/PROSPECTUS WHEN IT BECOMES AVAILABLE, AS WELL AS OTHERDOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEYWILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.

Investors and security holders can obtain free copies of the Registration Statement and theJoint Proxy Statement/Prospectus and other documents filed with the SEC by SIRIUS and XM throughthe web site maintained by the SEC at www.sec.gov. Free copies of the Registration Statement andthe Joint Proxy Statement/Prospectus and other documents filed with the SEC can also be obtained bydirecting a request to Sirius Satellite Radio Inc., 1221 Avenue of the Americas, 36thFloor, New York, NY 10020, Attention: Investor Relations or by directing a request to XM SatelliteRadio Holdings Inc., 1500 Eckington Place, N.E. Washington, DC 20002, Attention: InvestorRelations.

SIRIUS, XM and their respective directors and executive officers and other persons may bedeemed to be participants in the solicitation of proxies in respect of the proposed transaction.Information regarding SIRIUS directors and executive officers is available in its Annual Report onForm 10-K for the year ended December31, 2006, which was filed with the SEC on March1, 2007, andits proxy statement for its 2007 annual meeting of stockholders, which was filed with the SEC onApril23, 2007, and information regarding XMs directors and executive officers is available inXMs Annual Report on Form 10-K, for the year ended December31, 2006, which was filed with the SECon March1, 2007 and its proxy statement for its 2007 annual meeting of stockholders, which wasfiled with the SEC on April17, 2007. Other information regarding the participants in the proxysolicitation and a description of their direct and indirect interests, by security holdings orotherwise, is contained in the preliminary Joint Proxy Statement/Prospectus filed with the SEC.

***

SIRIUS website, which is available at www.SIRIUSmerger.com and has information about SIRIUSproposed merger, has been updated. The updates include the information being filed herewith.

In addition, the home page of the website also contains a link to information including the following third-party press release:

Press Release

FOR IMMEDIATE RELEASE

July30, 2007

PTC Lauds XM/Sirius for Promising Real Choices for Families

LOS ANGELES (July30, 2007) The Parents Television Council praised XM and Sirius satelliteradio for announcing their commitment to provide consumers and families the ability to choose theirprogramming on an a la carte basis, pending approval and completion of their proposed merger. Inaddition to offering their traditional bundles of programming, XM and Sirius will offer moreaffordable a la carte packages, including an option for families to block adult-themed channels andreceive a price credit for the unwanted programming.

This announcement by XM and Sirius constitutes the best set of parental controls weve everseen to not only prevent childrens access to adult-themed programming, but to enable themarketplace to decide what it wishes to purchase and pay for, said PTC President Tim Winter.

If the merger is approved and satellite radio gives its customers real choice in programming,it will be a groundbreaking moment for the future of subscription-based entertainment, Mr.Wintercontinued. There is no question that greater control of graphic content, combined with givingconsumers the ability to have some control over packages and pricing is in the public interest andcertainly in the interest of parents and families.

We call upon the cable and satellite television industries to follow the lead of XM andSirius and give real choices to their own customers who are deeply offended by many of the channelsfamilies are forced to buy just to get access to the quality family programming available on cable.Only a meaningful solution like this one will allow the marketplace to decide for itself what itwants and what it is willing to pay for, said Mr.Winter.

To schedule an interview with a PTC representative, please contact Kelly Oliver (ext. 140) orMegan Franko (ext. 148) at (703)683-5004.

The Parents Television Council was founded in 1995 to ensure that children are notconstantly assaulted by sex, violence and profanity on television and in other media. Thisnational grassroots organization has over one million members across the United States, andworks with television producers, broadcasters, networks and sponsors in an effort to stem theflow of harmful and negative messages targeted to children. The PTC also works with elected andappointed government officials to enforce broadcast decency standards. Most importantly, thePTC produces critical research and publications documenting the dramatic increase in sex,violence and profanity in entertainment. This information is provided free of charge so parentscan make informed viewing choices for their own families.

In addition, the In the News page of the website also contains a link to the following third-party article:

Parents Television Council praises Sirius-XM
Orbitcast
Monday, July30, 2007 at 4:19 PM

The Parents Television Council (PTC)has once again publicly praised XM and Sirius satellite radiofor the proposed A La Carte pricing as well as their family-friendly packages offered as abenefit of the two companies merging.

This announcement by XM and Sirius constitutes the best set of parental controls weve ever seento not only prevent childrens access to adult-themed programming, but to enable the marketplace todecide what it wishes to purchase and pay for, said PTC President Tim Winter.

If the merger is approved and satellite radio gives its customers real choice in programming, itwill be a groundbreaking moment for the future of subscription-based entertainment, Mr.Wintercontinued. There is no question that greater control of graphic content, combined with givingconsumers the ability to have some control over packages and pricing is in the public interest andcertainly in the interest of parents and families.

These are some hefty words, considering that the PTC is arguably the single biggest influence onindecency regulation in America. The PTC regularly launches massive campaigns to file complaintswith the FCC over content they deem to be indecent broadcasts.

We call upon the cable and satellite television industries to follow the lead of XM and Sirius andgive real choices to their own customers who are deeply offended by many of the channels familiesare forced to buy just to get access to the quality family programming available on cable, saidMr.Winter.

This isnt the first time the PTC has come out in favor of the merger thanks to the block andrebate programs. But the repeated strong show of support must have some weight with regulators.Im not sure which group is more annoying to the folks over at the FCC: the NAB or the PTC?

From a personal standpoint, and as a parent myself, the best regulation can also be calledparenting. (Crazy thought right?) But regardless, I really do agree with this final statement byMr.Winter.

Only a meaningful solution like this one will allow the marketplace to decide for itself what itwants and what it is willing to pay for.

And thats the truth.

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