Attachment Attachments

This document pretains to SES-T/C-20100322-00338 for Transfer of Control on a Satellite Earth Station filing.

IBFS_SESTC2010032200338_806774

                                         Exhibit E

                    Response to Questions 40 and A20 (Ownership)

An affiliate of Liberty Media Corporation, a Delaware corporation, holds preferred stock
which is convertible into an approximately 40% ownership interest in the transferee,
Sirius XM Radio Inc. (“Sirius XM”). The address of Liberty Media Corporation is 12300
Liberty Boulevard, Englewood, Colorado 80112. Dr. John C. Malone, a United States
citizen, owns shares of Liberty Media Corporation representing approximately 32.45% of
the aggregate voting power of the company. Dr. Malone’s business address is 12300
Liberty Boulevard, Englewood, Colorado 80112.

No other entities or individuals own a 10% or greater direct or indirect interest in Sirius
XM.

The Executive Officers of Sirius XM Radio Inc. are:

Mel Karmazin, Chief Executive Officer
James E. Meyer, President, Operations and Sales
Scott Greenstein, President and Chief Content Officer
Patrick L. Donnelly, Executive Vice President, General Counsel and Secretary
David J. Frear, Executive Vice President and Chief Financial Officer
Dara Altman, Executive Vice President and Chief Administrative Officer

The Directors of Sirius XM Radio Inc. are:

Joan L. Amble
Leon D. Black
David J.A. Flowers
Lawrence F. Gilberti
Eddy W. Hartenstein
James P. Holden
Chester A. Huber, Jr.
Mel Karmazin
John C. Malone
Gregory B. Maffei
John Mendel
James F. Mooney
Jack Shaw

The address of all Sirius XM Radio Inc. officers and directors is:

1221 Avenue of the Americas
36th Floor
New York, NY 10020


                                Ownership Structure

       Below are charts of the current and post-closing ownership structures for XM
Radio Inc. All subsidiaries are wholly-owned.


                    Current XM Radio Inc. Ownership Structure

                                 Sirius XM Radio Inc.



                                  XM Satellite Radio
                                   Holdings Inc.



                                  XM Satellite Radio
                                        Inc.



                                    XM Radio Inc.




                 Post-Closing XM Radio Inc. Ownership Structure


                                 Sirius XM Radio Inc.



                                    XM Radio Inc.


                                               EXHIBIT F

                                 Response to Question A21
              (Description of the Transaction and Public Interest Statement)

        XM Radio Inc. seeks Federal Communications Commission (“FCC” or
“Commission”) consent to a pro forma transfer of control of all of the licenses and
authorizations held by XM Radio Inc. FCC applications for the pro forma transfer of
control of the following authorizations are being filed:

         1.       XM Radio Inc.’s space station authorizations, including special temporary
                  authorizations and pending requests to operate terrestrial repeaters1

                           S2118
                           S2119
                           S2616
                           S2617
                           S2786

         2.       XM Radio Inc.’s transmit/receive earth station authorizations

                           E000158
                           E000724
                           E040204

         3.       XM Radio Inc.’s wireless license

                           WQJP534

         4.       XM Radio Inc.’s experimental license

                           WB2XCA

XM Radio Inc. is currently indirectly owned and controlled by Sirius XM Radio Inc.
through two wholly-owned subsidiaries: XM Satellite Radio Inc. and XM Satellite Radio
Holdings Inc. Pursuant to a proposed transaction, these two subsidiaries will be merged
with and into Sirius XM Radio Inc. As a result, XM Radio Inc. will become a direct
wholly-owned subsidiary of Sirius XM Radio Inc.2 The proposed change constitutes a

1
          The FCC has previously approved the transfer of control of existing grants of, and requests for,
special temporary authority as part of the transfer of control of the satellite licenses. See Sirius Satellite
Radio Inc., Application for Transfer of Control of Station Authorization, Order, 18 FCC Rcd 215, 217 n.16
(¶ 7 n.16) (2003); see also Applications for Consent to the Transfer of Control of Licenses, XM Satellite
Radio Holdings Inc. to Sirius Satellite Radio Inc., 23 FCC Rcd 12348, Appendix A, n. 1 (2008) (“Sirius
XM Merger Order”).
2
         In order to effectuate the purposes of this pro forma transfer of control, the two steps of this
transaction – merging XM Satellite Radio Inc. and XM Satellite Radio Holdings Inc. into Sirius XM Radio


non-substantial (pro forma) transfer of control because ultimate ownership and control of
XM Radio Inc. will be exactly the same before and after the proposed transactions. The
current and proposed ownership structures for XM Radio Inc. are depicted in Exhibit E.

Grant of this pro forma transfer of control application will serve the public interest. The
ability to make non-substantial changes in corporate structure enhances the flexibility of
Sirius XM Radio Inc.’s capital structure without any adverse effects on competition.
Moreover, this application raises no new issue related to XM Radio Inc.’s legal
qualifications because the Commission has previously approved the ultimate ownership
and control of XM Radio Inc. by Sirius XM Radio Inc.3

XM Radio Inc. requests that the FCC expeditiously grant this application for a non-
substantial transfer of control without prior public notice. XM Radio Inc. will
supplement, as necessary, any applications that are pending upon the consummation of
the proposed transaction to reflect the pro forma change in ownership.4 To the extent that
any pending applications, or any other applications for new facilities or for renewal or
modification of existing facilities, are granted to XM Radio Inc. prior to the closing of the
proposed transaction, XM Radio Inc. requests that the grant of this application include
consent with respect to all such subsequently granted authorizations. Further, XM Radio
Inc. requests that grant of this application include authority for the pro forma transfer of
control of any special temporary authorizations held by XM Radio Inc., or applications
for special temporary authority that are pending, at the time of the consummation of the
proposed pro forma transfer of control.




Inc. – may or may not occur simultaneously. In the event the merger of one of the intermediate holding
companies with and into Sirius XM Radio Inc. occurs more than 60 days after the date of FCC
authorization, XM Radio Inc. will seek an extension of the closing deadline specified in Section 25.119(f)
of the Commission’s rules, 47 C.F.R. § 25.119(f).
3
         See Sirius XM Merger Order.
4
         See 47 C.F.R. § 1.65.


                                Response to Question 39

Sirius XM Radio Inc. is a defendant in a group of consolidated complaints seeking class
action status brought pursuant to federal antitrust and state consumer protection laws in
the U.S. District Court for the Southern District of New York. The lead case is Carl
Blessing v. Sirius XM Radio Inc., No. 09-10035. The related cases are: Scerbo v. Sirius
XM Radio, Inc., No. 09-10209; Bonsignore v. Sirius XM Radio Inc., No. 10-526;
Balaguera v. Sirius XM Radio Inc., No. 10-01058; Cronin v. Sirius XM Radio Inc., No.
09-10468.

Sirius XM Radio Inc. is a defendant in a shareholder derivative complaint filed in the
Supreme Court of New York, County of New York. The complaint alleges that the
decisions giving rise to the federal antitrust lawsuits (above) constituted a breach of
loyalty by Sirius XM officers and directors. Mark Fialkov Individual Retirement Account
v. Sirius XM Radio, No. 600041/2010.



Document Created: 2010-03-22 15:50:24
Document Modified: 2010-03-22 15:50:24

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