Sirius Satellite Radio to Broadcast Live Formula One World Championship Races

SIRIUS SATELLITE RADIO REVS UP PROGRAMMING 
WITH FORMULA ONE RACES

2002 Formula One World Championship To Be Broadcast Live On Sirius

NEW YORK - July 17, 2002 - Sirius Satellite Radio, the country's premier satellite radio broadcaster, today announced that it is broadcasting the FIA Formula One World Championship races live on Sirius channel 117 for the remainder of the 2002 season.  As part of its agreement with Jones MediaAmerica and The Craig Company, Sirius listeners will be able to hear race coverage from the U.S. Formula One Radio Network, which includes many of the world's most popular race events.

"The recent addition of the United States Grand Prix has bolstered enthusiasm for Formula One in this country," said Jay Clark, Vice President, Entertainment Programming, Sirius Satellite Radio.  "Now coast-to-coast, anywhere in the U.S., you'll be able to hear live race excitement from the largest and most prestigious auto series in the world."

Sirius will broadcast Formula One Championship races live on "Real Sirius," channel 117, including the United States Grand Prix at Indianapolis Motorspeedway on September 29 and concluding with the Japanese Grand Prix on October 13.

"I am delighted that the Formula One Radio Network will air on Sirius," said Andrew Craig, President, The Craig Company.  "It is clear that Sirius is a very important part of the future of radio in the U.S. and we are proud that Formula One is one of the first live sports to be included in the Sirius line-up."

"Formula One is a global motor sport with an expanding U.S. presence," said Ron Hartenbaum, President, Jones Radio Networks.  "We are happy to be a part of the team bringing the sport to U.S. radio listeners."

About Sirius 
From its three satellites orbiting directly over the U.S., Sirius broadcasts 100 channels of digital quality radio throughout the continental United States for a monthly subscription fee of $12.95. Sirius delivers 60 original channels of completely commercial-free music in virtually every genre, and 40 world-class sports, news and entertainment channels. DaimlerChrysler has announced plans to offer Sirius radios in 17 models of Chrysler, Dodge and Jeep vehicles beginning this fall. BMW has announced plans to offer Sirius radios as an accessory in its most popular models through BMW Centers across the country, including select BMW 3 Series, 5 Series and X5 vehicles. Nissan has announced plans to offer Sirius radios as an option this fall on six Infiniti and Nissan 2003 models, and future Audi and Volkswagen models will also offer Sirius. Sirius also has agreements to install AM/FM/SAT radios in Ford, Mercedes-Benz, Jaguar, Volvo and Mazda vehicles.  Kenwood, Clarion, Jensen and Audiovox satellite receivers, including models that can adapt any car stereo to receive Sirius, as well as home and portable products, are available at retailers such as Circuit City, Best Buy, Good Guys, Tweeter, Ultimate Electronics and Crutchfield. Click on <www.sirius.com> to listen to Sirius live, or to find a Sirius retailer in your area.

About Jones MediaAmerica
Jones MediaAmerica is the largest independent Network Radio syndication and sales representation company, with offices in New York, Los Angeles, Chicago, Detroit, Dallas, Denver, Nashville and Florida. JMAI sells national advertising for more than 90 radio programs and networks, cable TV's Great American Country®, a country music video and entertainment channel, and Sirius Satellite Radio.  JMAI is a subsidiary of Jones Media Networks(tm), Ltd., which also owns Jones Radio Networks(tm); cable's Product Information Network®; and Jones Direct.

About The Craig Company
The Craig Company LLC. is a U.S. based international sports media and marketing business and is the rights holder for Formula One radio in North America. The Craig Company has a strong focus in motor sports and represents both the Sauber Petronas Formula One Team and Bentley for its Le Mans Program in the North American market place. Outside of motor sports, The Craig Company represents The Fédération Internationale de Bobsleigh et Tobogganing, the world governing body for bobsleigh and skeleton racing, and Symah Vision, a French based developer of virtual reality and virtual advertising solutions for TV.