CD Radio Expands to 100 Channels With Fourth Satellite.NEW YORK--(BUSINESS WIRE)--May 29, 1998--CD Radio Inc. (Nasdaq: CDRD CDRD Centre for Drug Research and Development (Vancouver BC, Canada) CDRD Cutaneous Drug Reaction Database CDRD Contract Data Requirements Document ) announced today that it has exercised its option to purchase a fourth satellite from Loral Space & Communications Ltd., doubling CD Radio's planned broadcast capacity to 100 channels in its nationwide satellite-to-car radio broadcasting The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. system scheduled for launch beginning next year. "In terms of incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. value delivered to consumers, the step-up from 50 channels to 100 channels is analogous analogous /anal·o·gous/ (ah-nal´ah-gus) resembling or similar in some respects, as in function or appearance, but not in origin or development. a·nal·o·gous adj. to the difference between a regular bookstore and a Barnes and Noble superstore su·per·store n. A very large retail store that stocks highly diversified merchandise, such as groceries, toys, and camera equipment, or a wide variety of mechandise in a specific product line, such as computers or sporting goods. ," said David Margolese, CD Radio's chairman and chief executive. "The expanded system will be used to deliver more of what people want - more music, more choice. Additionally, it will also be used to address the Hispanic and sports markets in a significant way, and to generate additional advertising revenues on our non-music channels." Under terms of the agreement, Loral replaces Arianespace as CD Radio's launch service provider, delivering three Loral FS-1300 satellites in-orbit on a turnkey See turnkey system. basis along with one ground spare. Launches are scheduled for November 1999, December 1999, and January 2000. CD Radio's incremental cost Incremental Cost The encompassing change that a company experiences within its balance sheet due to one additional unit of production. Notes: Incremental cost is the overall change that a company experiences by producing one additional unit of good. of the expanded system is approximately $290 million, of which Loral has provided assistance in arranging $145 million of financing primarily through Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. . Last year, CD Radio was granted one of two FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. national satellite radio broadcast licenses. The company is building a satellite-to-car 100 channel radio system for the broadcast of music and other programming to motorists throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The majority of CD Radio's planned programming formats are generally unavailable on conventional radio stations in any single market. Furthermore, unlike conventional stations, which have an average range of approximately 30 miles before reception fades, CD Radio's signal is designed to cover the continental United States United States territory, including the adjacent territorial waters, located within North America between Canada and Mexico. Also called CONUS. coast to coast. Music channels will be commercial-free, unlike conventional stations which interrupt A signal that gets the attention of the CPU and is usually generated when I/O is required. For example, hardware interrupts are generated when a key is pressed or when the mouse is moved. Software interrupts are generated by a program requiring disk input or output. their broadcasts with up to 18 minutes of commercials during every hour of music programming. More information about CD Radio is available from the web site www.cdradio.com. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as 'will likely result,' 'are expected to,' 'will continue,' 'is anticipated,' 'estimated,' 'intends,' 'plans,' 'projection,' and 'outlook') are not historical facts and may be forward-looking and, accordingly, such statements involve estimates, assumptions and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Accordingly, any such statements are qualified in their entirety The whole, in contradistinction to a moiety or part only. When land is conveyed to Husband and Wife, they do not take by moieties, but both are seised of the entirety. by reference to, and are accompanied by, the factors discussed in CD Radio's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 1997. Among the key factors that have a direct bearing on CD Radio's results of operations are the potential risk of delay in implementing CD Radio's business plan; increased costs of construction and launch of necessary satellites; dependence on satellite construction and launch contractors; risk of launch failure; unproven unproven Dubious, nonscientific, not proven, quack, questionable, unscientific adjective Relating to that which has not been validated by reproducible experiments or other scientific methods for determining effect or efficacy market and unproven applications of existing technology; and CD Radio's need for additional substantial financing. -0-
Channel Listing
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CD Radio's 100 channels will offer listeners a wide range of
music categories as well as news, sports and talk radio programming.
Currently, CD Radio anticipates that its 100 broadcast channels will
be allocated as follows:
1. Symphonic 51. News
2. Chamber Music 52. News
3. Opera 53. News
4. Top of the Charts 54. News
5. '50s Hits 55. News
6. '60s Hits 56. News
7. '70s Hits 57. News
8. '80s Hits 58. News
9. '90s Hits 59. News
10. Soft Rock 60. News
11. Love Songs 61. Sports
12. Singers & Songs 62. Sports
13. Beautiful Instrumentals 63. Sports
14. Broadway's Best 64. Sports
15. Big Band/Swing 65. Sports
16. Classic Jazz 66. Sports
17. Contemporary Jazz 67. Sports
18. NAC Jazz 68. Sports
19. New Age 69. Sports
20. Soul Ballads 70. Sports
21. Contemporary R&B 71. Entertainment
22. Classic Soul Hits 72. Entertainment
23. R&B Oldies 73. Entertainment
24. Rap/Hip Hop 74. Entertainment
25. Dance 75. Entertainment
26. Tropical 76. Entertainment
27. Latin Jazz 77. Entertainment
28. Boleros 78. Entertainment
29. Latin Contemporary 79. Entertainment
30. Merengue 80. Entertainment
31. Cumbia 81. Hispanic
32. Mexicana 82. Hispanic
33. Tex-Mex 83. Hispanic
34. Rock en Espanol 84. Hispanic
35. Country Hits 85. Hispanic
36. Modern Country 86. Hispanic
37. Classic Country 87. Hispanic
38. Folk Rock 88. Hispanic
39. Alternative Rock I 89. Hispanic
40. Alternative Rock II 90. Hispanic
41. Classic Rock I 91. Specialty
42. Classic Rock II 92. Specialty
43. Album Rock 93. Specialty
44. Hard Rock/Metal 94. Specialty
45. Blues 95. Specialty
46. Reggae 96. Specialty
47. World Beat 97. Specialty
48. Gospel 98. Specialty
49. Contemporary Christian 99. Specialty
50. Children's Entertainment 100. Specialty
CONTACT: CD Radio Madeline Couton, 212/899-5000 |
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