SIRIUS Satellite Radio Announces Post-Merger Financial Guidance for the Combined Company and Cox Radio Schedules Second Quarter 2008 Earnings Release and Teleconference

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City of Industry, CA --(www.USEquityNews.com)-- 07/01/2008 - Broadcasting industry alert provided by U.S. Equity News. SIRIUS Satellite Radio (NASDAQ: SIRI) recently announced financial guidance for 2009 assuming the completion of the merger of SIRIUS and XM Satellite Radio Holdings Inc. "The upside potential from this merger is significant. In addition, the synergies, adjusted EBITDA and free cash flow are expected to continue to grow in subsequent years, and we look forward to providing more detail of this growth in coming months," said Mel Karmazin, SIRIUS Chief Executive Officer and the previously announced CEO of the combined SIRIUS and XM. The closing of the pending merger remains subject to the approval from the Federal Communications Commission and satisfaction of other applicable conditions, including the refinancing of certain XM debt. On March 24, 2008, the U.S. Department of Justice informed SIRIUS and XM that it had ended its investigation into the pending merger, that it had concluded that the merger is not anti-competitive, and that it will allow the transaction to proceed. SIRIUS and XM each obtained stockholder approval for the pending merger in November 2007.


Grupo Radio Centro, S.A.B. de C.V. (NYSE: RC) announced recently that on June 30, 2008, it filed its annual report on Form 20-F for the fiscal year ended December 31, 2007 (the "2007 Annual Report") with the U.S. Securities and Exchange Commission (the "SEC"). The 2007 Annual Report can be accessed by visiting either the SEC's website at www.sec.gov or Grupo Radio Centro's website at www.grc.com.mx. In addition, investors may receive a hard copy of Grupo Radio Centro's complete audited financial statements free of charge by requesting a copy from i-advize Corporate Communications, Inc. at 212-406-3694, or via email at grc@i-advize.com.

Cox Radio, Inc. (NYSE: CXR) announced recently before U.S. market hours. The Company will host a teleconference to discuss its financial results on Wednesday, July 30 at 11:00 a.m. Eastern Time. To access the teleconference, please dial (973) 582-2854 ten minutes prior to the start of the call. A live webcast of the teleconference will be available on the investor relations section of the Company's Web site at www.coxradio.com.

247MGI, Inc. (OTC: TOFS) is pleased to announce it has been working to help resolve pending and past legal actions against the company. The Company is pleased to announce the pending issue with Dr. Martin Peskin has been resolved and a settlement agreement has been entered into and filed with the courts. The Company currently does not have any pending legal actions at this time and is working to resolve matters resulting from a prior Stock Purchase Agreement the Company entered into in 2003 to avoid any further legal action. With no pending legal actions 247MGI has been in talks with several candidates to join the Company as Officers and Directors.

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