Sirius Names New CEO

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New York - No 27, 2001 - Sirius Satellite Radio announced that it has hired consumer electronics and telecommunications veteran Joseph P. Clayton as president and chief executive officer. Clayton joins Sirius from Global Crossing, a global Internet and long distance services provider, where he was vice chairman. Clayton previously served as chief executive officer of Frontier Corporation, a Rochester-based national provider of local telephone, long distance, data, conferencing and wireless communications services, until its acquisition by Global Crossing in October 1999. Clayton succeeds David Margolese, Sirius' founder and chairman, who stepped down as chief executive officer in October.

In addition to his leadership in the telecommunications industry, Clayton brings years of experience in the consumer electronics field, having held senior management positions at Thomson MultiMedia, GE's Consumer Electronics Division and RCA Corporation. At Thomson MultiMedia, Clayton was instrumental in the development and launch of the consumer equipment for DirecTV, the nation's largest satellite-to-home television provider.

Clayton currently serves on the Dean's Advisory Board for Indiana University School of Business, and as trustees of Bellarmine College, Louisville, KY, and the Rochester Institute of Technology. He also serves on the board of directors of Global Crossing Ltd, a global Internet and long distance services provider, the E.W. Scripps Company, the operator of 21 newspapers, 10 television stations and three national cable and satellite television networks, and Good Guys Inc., the west coast-based consumer electronics retailer with 79 stores. Clayton formerly acted as chairman of the Consumer Electronics Association.

He earned an M.B.A. in Marketing and Management from Indiana University and is a magna cum laude graduate of Bellarmine College with a B.A. in Business Administration.

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