and in Canada who are incredibly passionate about their
favorite NHL team, and will now be able to follow them regardless of where
they call home. Broadcasting live daily from studios in Washington, DC,
New York City and Nashville at the Country Music Hall of Fame, XM's 2005
lineup includes more than 150 digital channels of choice from coast to coast:
the most commercial-free music channels, plus premier sports, talk, comedy,
children's and entertainment programming; and 21 channels of the most advanced
traffic and weather information.

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"
"We're delighted to have XM as our newest satellite radio partner," said
NHL Commissioner Gary Bettman.

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's Form 8-K filed with the
Securities and Exchange Commission on 8-5-05. NEW YORK, Baker Capital, a private equity firm
investing in digital communications businesses, and Stockholm-based Nordic
Capital, announced today that they have signed a definitive agreement to sell
C More Group to SBS Broadcasting S.
"We are very pleased with the way the C More Group has developed over the
term of our ownership of the business and believe that management, under the
leadership of Marc-Antoine d'Halluin, has done an excellent job of creating a
valuable strategic asset," said Robert Manning, Partner of Baker Capital. The two companies have a very strong
strategic fit where both companies have leading market positions in their
respective market segments.

About Baker Capital
Baker Capital, founded in 1995, is a New York based private equity firm
with $1.

This category contains @links (symbolic links ) to categories for all sports beginning with N.

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For more
information on the NHL, fans may log on to NHL. The Company
provides premium television programming to subscribers through distributors
for a monthly fee as well as pay-per-view services.

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com/cgi-bin/prnh/20000724/XMSATLOGO )
XM will begin broadcasting NHL games with the launch of the new 2005-2006
season and will become the League's exclusive satellite radio broadcast
partner in 2007.

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S.
Panero continued, "XM and its Canadian partner CSR are excited to
participate in the resurgence of this great sport."

About XM Satellite Radio:
XM is America's number one satellite radio service with more than 4.
XM, the leader in satellite-delivered entertainment and data services for
the automobile market through partnerships with General Motors, Honda, Toyota,
Hyundai, Nissan and Volkswagen/Audi , is available in more than 120 different
vehicle models for 2005. Funds managed by Baker Capital and Nordic Capital each own
approximately 50% of C More Group which was formed when the firms acquired
Canal+ Television AB from Vivendi Universal in October 2003.

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xmradio.
Through the NHL Foundation, the League's charitable arm, the NHL raises money
and awareness for Hockey Fights Cancer , Hockey's All-Star Kids and NHL
Diversity, and supports the charitable efforts of all NHL players . Nordic Capital has an extensive network of contacts
and a deep understanding of different industries in the Nordic market.

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A. "We
are delighted with the terms of the sale of the company and are pleased to be
delivering a strong return to our investors.

nordic ncaa

About the NHL:
The National Hockey League, founded November 22, 1917, is the second
oldest of the four major team sports leagues in North America. The NHL
has one of the most diverse player demographics with more than 33 percent of
NHL players hailing from outside North America from 22 different countries.

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. Copies of the filing are
available upon request from XM Radio's Investor Relations Department.

hockey nhl

4 million subscribers, and the National Hockey League (NHL) today
announced a 10-year, $100-million agreement that makes XM the exclusive
satellite radio network of the NHL beginning with the 2007-2008 season.:
SBS) through its wholly owned subsidiary Kanal 5 Holding AB for Euro 269. The channels are distributed by satellite, cable, broadband and the
digital terrestrial network. For C More Group this is an excellent opportunity
in a rapidly transforming industry.

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CSR has
been awarded a license to distribute satellite radio in Canada, as recently
approved by the Federal Cabinet.4
million subscribers. Today, the NHL
consists of 30 Member Clubs based in the United States and Canada,
entertaining more than 100 million fans each season through attendance and
broadcasting, including a Sirius satellite radio broadcast partnership that
runs through the 2006-07 season.
In the 14 months that Baker Capital and Nordic Capital have owned the
company , the company grew subscribers by nearly 100,000, reformatted and
relaunched the channels, upgraded program scheduling to a prime-time format,
increased the number of channels from three to five, renewed major sports
rights including Premier League and Serie A, renegotiated movie rights
contracts , added new forms of distribution including broadband and mobile, and
introduced wagering on sports matches.
The sellers were advised in the transaction by Morgan Stanley (financial)
and Vinge (legal).

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Research indicates that NHL fans are some of
the most tech savvy, educated and affluent in professional sports.

About SBS Broadcasting
SBS Broadcasting is a European commercial television and radio
broadcasting company with operations in Western and Central Europe.

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We are very pleased to see that SBS values the
transformation that we have achieved."
The transaction is subject to competition authority approval and is
expected to close in the second quarter of 2005 .

sepak nhl

NHL games
and the NHL channel will be available in Canada through XM's partner, Canadian
Satellite Radio (CSR), which is funding a portion of the agreement.

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XM Satellite Radio and National Hockey League Announce Long-Term Agreement

The combination will strengthen C More's
already strong market position and leverage its core capabilities.

martial organizations

"
XM's comprehensive coverage of the NHL will include games from every team,
as well as the NHL All-Star Game, the Stanley Cup Playoffs and the Stanley Cup
Final .com.V. Since its inception in 1989, expansion capital has been provided
to more than 50 companies .

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5 billion under management.

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"The clear winners of this partnership are the millions of hockey fans
here in the U.

Baker Capital and Nordic Capital Agree to Sell C More Group to European Media Company SBS Broadcasting

The
firm's proven investment strategy creates value by actively implementing a
broad corporate agenda.

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In addition to providing live play-by-play coverage of more than 1,000
games per season, XM will create a dedicated NHL radio channel featuring
original programming that will focus on all aspects of the sport. XM was named Best Radio Service at the 2004
Billboard Digital Entertainment Awards.com.

sports categories

"At this exciting time in the League's
history, a new partnership with XM allows us to offer hockey fans
unprecedented NHL coverage on the nation's largest satellite radio service. 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. NHL and
Stanley Cup are registered trademarks of the National Hockey League. The
company has over 770,000 subscribers and had revenues of Euro 181 million in
2004. The partners
of Baker Capital have extensive private equity and operational experience
allowing the firm to provide its portfolio companies with not only capital,
but also global strategic thinking and relationships .

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(Nasdaq: SBTV; Euronext Amsterdam N.6
million in cash.

About C More Group
C More Group is the leading premium pay television provider in the Nordic
region, serving Sweden, Norway , Finland and Denmark.

About Nordic Capital
Nordic Capital is a leading private equity firm with a first rate proven
team and a long track record of making successful investments in the Nordic
mid-market.

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XM will start its NHL schedule with sweeping coverage of Opening Night
on October 5, 2005. Countries
where SBS currently has broadcasting assets include: Belgium (Flanders ),
Denmark, Finland, Greece, Hungary, The Netherlands, Norway, Romania and
Sweden. Nordic Capital 's funds have attracted leading Nordic
and international institutional investors.

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XM to Begin Broadcasting NHL Games in October 2005

NHL Chooses XM as Its Exclusive Satellite Radio Network Starting in 2007

NEW YORK and WASHINGTON, XM Satellite
Radio (Nasdaq: XMSR ), the nation's leading satellite radio service with more
than 4.
(Logo: http://www.
"We are thrilled about the National Hockey League's decision to partner
with XM Satellite Radio ," said Hugh Panero, President and CEO of XM Satellite
Radio. Baker Capital makes investments in
communications-focused companies at all stages of development.

winter combined

C More Group is the leading premium pay-TV provider in the Nordic region
and operates the Canal+ channels in Sweden, Norway, Finland and Denmark. The Company has long-
term exclusive rights agreements with most of the major Hollywood movie
studios and several local distributors and holds the live broadcast rights to
the most popular sports leagues including Premiere League (English football),
Serie A (Italian football ), Allsvenskan (Swedish football), Tippeligan
(Norwegian football), NHL, and Elitserien (Swedish ice hockey).

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newscom."
Anders Hultin, Partner of Nordic Capital, said, "The combination of C More
with SBS Broadcasting will create a significant force in the commercial TV
space in the Nordic region.