Sirius XM Radio Commences Cash Tender Offer for its 3 1/4% Convertible Notes due 2011

Sirius XM Radio Inc. SIRI today announced that it has commenced a tender offer to purchase for cash any and all of its 3 1/4% Convertible Notes due 2011 upon the terms and subject to the conditions set forth in the Offer to Purchase, dated the date hereof, and in the related Letter of Transmittal.