S&P: Sirius Satellite unaffected

Standard & Poor's said Sirius Satellite Radio Inc.'s (CCC/stable/--) exclusive five-year agreement with radio personality Howard Stern and his production company does not affect the company's rating or outlook.

Under the agreement, Stern will produce one or more channels, which will include his weekday morning show, for Sirius's pay radio service, starting on Jan. 1, 2006.

While the popular shock jock should help accelerate subscriptions for Sirius, S&P said his participation will also boost operating costs substantially.

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