MDeLaTorreLtr.pdf

Section 1.65 Notification submitted by Liberty Media Corporation

Letter to Mindel De La Torre

2012-09-17

This document pretains to SAT-T/C-20120817-00133 for Transfer of Control on a Satellite Space Stations filing.

IBFS_SATTC2012081700133_966679

Nelson
Mullins
      Nelson Mullins Riley & Scarborough LLP
                                                                       Robert L. Hoegle
      Attorneys and Counselors at Law
                                                                       (Admitted in DC & NY)
      101 Constitution Avenue, NW / Suite 900 / Washington, DC 20001
                                                                       Tel: 202.712.2816
      Tel: 202.712.2800 Fax: 202.712.2836
                                                                       Fax: 202.712.2836
      www.nelsonmullins.com
                                                                       bob.hoegle@nelsonmullins.com




                                                September 17, 2012

VIA ELECTRONIC FILING

Mindel De La Torre, Esquire
Chief, International Bureau
Federal Communications Commission
445 12" Street, S.W.
Washington, D.C. 20554

       Re:       Applications of Liberty Media Corporation for Consent to Transfer of De Jure
                 Control of Sirius XM Radio, Inc., File Nos. SES—T/C—20120821—00776, SES—
                 T/C—20120821—00777, SES—T/C—20120821—00792, SAT—T/C—20120817—00133,
                 SAT—T/C—20120817—00134, SAT—T/C—20120817—00135, SAT—T/C—20120817—
                 00136; WTB—0005353974, WTB—0005353880, 0019—EX—TU—2012, and 0020—
                 EX—TU—2012

Dear Ms. De La Torre:

       The above—referenced applications for consent to transfer of de jure control of Sirius
XM Radio, Inc. ("Sirius") were submitted on August 17, 2012, but have not yet been accepted
for filing. Consistent with Section 1.65 of the Commission‘s Rules, Liberty Media is
submitting this letter to advise the Commission of certain changes in the information contained
in the above—referenced applications.

        The applications stated that, as of the filing date, Liberty Media "currently holds
12,500,000 Series B—1 Preferred Shares" of Sirius.         Liberty Media also stated in the
applications that, absent Commission approval, it would not convert Preferred Shares in
quantities sufficient to own more than 50% of the outstanding common stock of Sirius. This is
to report that Liberty Media today exercised its right to convert a portion of the Preferred
Shares to common shares. As a result, Liberty Media now owns 6,250,100 Series B—1
Preferred Shares and a total of 1,863,203,483 common shares of Sirius (not including
41,087,753 shares that may be purchased under a forward purchase contract scheduled to be
settled on October 10, 2012), representing approximately 32% of the outstanding common
stock of Sirius.


Mindel De La Torre, Esquire
September 17, 2012
Page 2 of 2


       Pending Commission review and approval of its applications, Liberty Media presently
does not intend to take any action to replace directors of Sirius with its own designees prior to
the next regularly scheduled annual meeting of the Sirius shareholders. However, under
Sirius‘ bylaws, Liberty Media will be required to name its slate of nominees no later than
March 13, 2013. The last annual meeting occurred on May 22, 2012.

       If you have any questions about this matter, please contact me.

                                                    Respectfully submitted,


                                                   RA.x
                                                    Robert L. Hoegle
                                                    Counsel for Liberty Media Corporation


RLH:tjf
ce:    Ruth Milkman, Esquire, Chief, Wireless Telecommunications Bureau
       Mr. Julius Knapp, Chief Engineer, OET
       Karl Kensinger, Esquire, Associate Division Chief, Satellite Division
       Jeffrey Tobias, Esquire, Wireless Telecommunications Bureau
       Bruce A. Romano, Esquire, Associate Chief, Legal, OET
       Richard E. Wiley, Esquire



Document Created: 2012-09-17 20:21:16
Document Modified: 2012-09-17 20:21:16

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