XM's existing commercial-free music and comedy channels to create a tailored listening experience. Channel-specific sliders allow users to create approximately 100 variations of each of approximately 50 channels by adjusting characteristics like library depth, familiarity, music style, tempo, region, and multiple other channel-specific attributes. SiriusXM On Demand and MySXM are offered to SIRIUS XM Internet subscribers at no extra charge. Distribution of Radios Automakers: SIRIUS XM's primary means of distributing satellite radios is through the sale and lease of new vehicles. SIRIUS XM has agreements with every major automaker to offer satellite radios in their vehicles and satellite radios are available as a factory or dealer-installed option in substantially all vehicle makes sold in the United States. Many automakers include a subscription to SIRIUS XM's radio service in the sale or lease price of their vehicles. In certain cases, SIRIUS XM receives subscription payments from automakers in advance of the activation of its service. SIRIUS XM shares with certain automakers a portion of the revenues it derives from subscribers using vehicles equipped to receive its service. SIRIUS XM has entered into agreements with many automakers to market subscriptions to purchasers and lessees of vehicles which include satellite radios sold through their certified pre-owned programs. In addition, SIRIUS XM works directly with many franchise and independent dealers on similar programs for non-certified vehicles. Retail: SIRIUS XM sells satellite and Internet radios directly to consumers through its website. Satellite and Internet radios are also marketed and distributed through major national and regional retailers. SIRIUS XM's Satellite Radio Systems: SIRIUS XM's satellite radio systems are designed to provide clear reception in most areas despite variations in terrain, buildings and other obstructions. SIRIUS XM's satellite radio systems have three principal components: satellites, terrestrial repeaters and other satellite facilities; studios; and radios. Satellites, Terrestrial Repeaters and Other Satellite Facilities Satellites: SIRIUS XM owns a fleet of 10 orbiting satellites, 5 in the Sirius system, FM-1, FM-2, FM-3, FM-5 and FM-6, and 5 in the XM system, XM-1, XM-2, XM-3, XM-4 and XM-5. Four of these satellites are used as spares, two of which are expected to be de-orbited in 2014 as they reach the end of their useful lives. Satellite Insurance: SIRIUS XM holds in-orbit insurance for three of its satellites, which would expire in 2014 and 2015. Terrestrial Repeaters: SIRIUS XM operates approximately 700 terrestrial repeaters as part of its systems across the United States. Other Satellite Facilities: SIRIUS XM controls and communicates with its satellites from facilities in North America and maintains earth stations in Panama and Ecuador to control and communicate with various Sirius system satellites. Studios: SIRIUS XM's programming originates principally from studios in New York City and Washington, D.C., and, to a lesser extent, from smaller studio facilities in Cleveland, Los Angeles, Memphis, Nashville, and Austin. Radios: Radios are manufactured in four principal configurations: in-dash radios, Dock & Play radios and home or commercial units. SIRIUS XM has authorized manufacturers and distributors to produce and distribute radios, and has licensed its technology to various electronics manufacturers to develop, manufacture and distribute radios under certain brands. SIRIUS XM manages various aspects of the production of satellite and Internet radios. Connected Vehicle Services: SIRIUS XM provides next-generation connected vehicle applications and services. SIRIUS XM offers a portfolio of location-based services through two-way wireless connectivity, including safety, security, convenience, maintenance and data services, remote vehicles diagnostics, stolen or parked vehicle locator services, and monitoring of vehicle emission systems. In 2013, SIRIUS XM purchased the connected vehicle business of Agero, Inc. SIRIUS XM's connected vehicle business provides services to various automak
liberty media corp - b (LMCB:NASDAQ GS)
12300 Liberty Boulevard
Englewood, CO 80112
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