CD RADIO CEO DAVID MARGOLESE TO GIVE INTERVIEW AT SEPT. 16 SkyFORUM

-- DARS Pioneer to Join Line-up of Top Execs Discussing Satellite Industry’s Financial Outlook --

ALEXANDRIA, VA, September 8, 1999 - The Satellite Broadcasting and Communications Association (SBCA) and SkyTRENDS today announced that David Margolese, chairman, CEO and co-founder of CD Radio Inc., will give an on-stage interview as part of the 12th semi-annual SkyFORUM satellite/ financial symposium, to be held Thursday, Sept. 16 at the Marriott Marquis in New York City. Margolese will be interviewed at 9:20 a.m. by Harry Jessell, editor, Broadcasting and Cable magazine.

"David is a true pioneer in satellite-based digital audio radio services (DARS), having worked since 1990 to make satellite radio a reality," noted SBCA President Chuck Hewitt. "With CD Radio’s fourth quarter 2000 service launch drawing near and recently-announced install agreements with Ford Motor Company, David will be able to offer SkyFORUM attendees an inside look at this up-and-coming satellite application."

Margolese worked from 1990 to 1997 to convince the Federal Communications Commission (FCC) to license the bandwidth required for satellite-based DARS. In 1997, the FCC granted a license to CD Radio. Under Margolese’s leadership, CD Radio has raised $1 billion in financing in advance of its satellite launches and commencement of commercial operations.

Prior to his involvement in CD Radio, Margolese co-founded Cantel Inc., Canada's national cellular telephone carrier. He also founded Canadian Telecom, a radio paging company, and served as its president until the company's sale in 1987.

CD Radio is building a digital satellite radio system that will broadcast up to 100 channels of music and other programming to motorists throughout the United States. The company plans to offer 50 channels of commercial-free music and up to 50 channels of news, sports and entertainment programming for a monthly subscription fee of $9.95. CD Radio recently announced an exclusive agreement with Ford Motor Company to install CD Radio receivers in Ford vehicles. Commercial operations are scheduled to commence at the end of the fourth quarter of 2000. CD Radio is publicly traded as CDRD on NASDAQ.

The semi-annual SkyFORUM satellite/ financial symposium will be held Thursday, Sept. 16 at the Marriott Marquis in New York City. The program runs from 9:00 a.m. until 4:30 p.m. and includes one-on-one interviews with satellite industry executives: Charlie Ergen, chairman and CEO, EchoStar Communications Corp.; Eddy Hartenstein, president, DIRECTV; Mark Pagon, president, chairman and CEO, Pegasus Communications Corp.; Bob Phillips, CEO, National Rural Telecommunications Cooperative (NRTC); and Rodney Weary, president, Golden Sky Systems, Inc., along with panel discussions focusing on the multiple dwelling unit (MDU) market, finance and interactive services. For more information or to register, please visit www.sbca.com or contact Rachel Zink, SBCA, at 703-549-6990 ext. 363 or rzink@satellite.org.

SkyTRENDS is the market research, data collection and reporting program for the home satellite industry. This program is a joint venture between Media Business Corp and the SBCA. SkyFORUM was developed to create a higher awareness of the satellite industry among the financial and investment communities, and the media.

The Satellite Broadcasting and Communications Association of America (SBCA) is the national trade organization representing all segments of the home satellite industry. It is committed to expanding the utilization of satellite technology for the broadcast delivery of entertainment, news, information and educational programming.

[Note to Editors: Media seeking SkyFORUM press credentials should contact Jennifer Buckley at 703-549-6990 ext. 351 or jbuckley@satellite.org.]