NEWS RELEASE XM and Concord Music Group's "Watercolors: Red" Now Available at Circuit City 3/13/2007 JAZZ COMPILATION FEATURES BONEY JAMES, SERGIO MENDES, THE RIPPINGTONS, LEE RITENOUR, SPYRO GYRA AND MORE Washington, D.C. and Beverly Hills, Calif. – March 13, 2007 – XM, the nation’s leading satellite radio service with more than 7.6 million subscribers, and Concord Music Group, one of the world’s largest independent record labels, today announced the release of “Watercolors: Red." The 12-track compilation disc, the third in a series of jazz CD collections co-produced by XM and Concord, is available now exclusively at Circuit City stores nationwide. Created from Concord’s rich catalog (which includes the Concord Picante, Heads Up and Peak Records labels) and designed to reflect the sounds heard on XM’s contemporary jazz channel Watercolors (XM 71), this latest release “Watercolors: Red" is pure musical sophistication. The CD features performances from the best artists in contemporary jazz, including 12 steamy tracks from David Benoit, Lee Ritenour, Sergio Mendes, Poncho Sanchez and more. Each song paints a spectrum of tropical jazz hues. “Watercolors: Red" was produced by Nick Phillips, Concord vice president of jazz and catalog A&R, and Shirlitta “Trinity" Colón, XM’s senior director of Jazz and Blues programming. This new compilation follows two previous releases from XM and Concord: “Watercolors: Blue," the first jazz collection inspired by XM’s Watercolors channel, and the critically-acclaimed “Blistering Licks – Red Hot Riffs from the Giants of Jazz." “Watercolors: Red" tracks include: 1) The Rippingtons – Caribbean Breeze 1 2) David Benoit – Café Rio 3) David Pack – Biggest Part of Me 4) Boney James – Aquas de Marco (Waters of March) 5) Nestor Torres – Maybe Tonight 6) Joe McBride – Adderly Street 7) Pete Escovedo – All This Love 8) Lee Ritenour – Southwest Passage 9) Ed Calle – Spanish Rose 10) Sergio Mendes – Berimbau/Consolacao 11) Spyro Gyra – Calle Ocho 12) Poncho Sanchez – Watermelon Man The CD is available now at Circuit City stores nationwide or online at www.circuitcity.com. *** About XM XM (NASDAQ: XMSR) is America's number one satellite radio company with more than 7.6 million subscribers. Broadcasting live daily from studios in Washington, DC, New York City, Chicago, the Country Music Hall of Fame in Nashville, Toronto and Montreal, XM's 2007 lineup includes more than 170 digital channels of choice from coast to coast: commercial-free music, premier sports, news, talk radio, comedy, children's and entertainment programming; and the most advanced traffic and weather information. XM, the leader in satellite-delivered entertainment and data services for the automobile market through partnerships with General Motors, Honda, Hyundai, Nissan, Porsche, Subaru, Suzuki and Toyota is available in 140 different vehicle models for 2007. XM's industry-leading products are available at consumer electronics retailers nationwide. For more information about XM hardware, programming and partnerships, please visit http://www.xmradio.com. About Concord Music Group The Concord Music Group is one of the largest independent record and music publishing companies in the world and owner of a rich and, in many cases, historically significant catalog of recordings. Concord Music Group’s legendary family of labels include Concord Records, Concord Jazz, Fantasy, Stax, Milestone, Riverside, Specialty, Telarc, Peak, Heads Up, Pablo, and Prestige, to name a few. They include titles from some of the most admired and 2 enduring names in music, including Ray Brown, Rosemary Clooney, John Coltrane, Creedence Clearwater Revival, Miles Davis, Ella Fitzgerald, Isaac Hayes, Little Richard, Thelonious Monk, Oscar Peterson, Tito Puente, George Shearing and Mel Torme. The group's current roster of world-class artists includes: Karrin Allyson, George Benson, Chick Corea, Kurt Elling, John Fogerty, Ladysmith Black Mambazo, Sergio Mendes, Jane Monheit, Ozomatli, John Pizarrelli, Poncho Sanchez, Syro Gyra, Curtis Stigers, Angie Stone and Tierney Sutton. # # # Factors that could cause actual results to differ materially from those in the forward-looking statements in this press release include demand for XM Satellite Radio's service, the Company's dependence on technology and third party vendors, its potential need for additional financing, as well as other risks described in XM Satellite Radio Holdings Inc.'s Form 10-K filed with the Securities and Exchange Commission on 3-9-06. Copies of the filing are available upon request from XM Radio's Investor Relations Department. 3.