Universal Music Group (UMG) and XM Satellite Radio Reach Agreement on Pioneer

New Agreement Settles Dispute and Covers All Receivers in the XM Product Line
with Recording Functionality

Universal Music Group (UMG), the
world's leading music company, and XM Satellite Radio, the nation's leading
satellite radio company, today announced that they have resolved the lawsuit
brought by UMG against XM over its Pioneer Inno, a portable satellite
receiver with advanced recording functionality.  The companies did not
disclose terms of the deal.

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As part of the agreement, UMG becomes the first music company to reach a
multi-year deal covering all XM radios with advanced recording functionality,
including both those currently available as well as future product releases.
In addition, UMG will withdraw as a party to the complaint filed by the major
record companies against XM in May, 2006.