SIRIUS and XM Announce Additional Support for Merger and Citadel Broadcasting Hires Investment Banks to Divest Radio Stations

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City of Industry, CA --(www.USEquityNews.com)-- 12/14/2007 - Broadcasting industry alert provided by U.S. Equity News. Three additional Members of Congress joined General Motors Corporation, Club for Growth, Harpo Productions, the Rural Coalition, and celebrity talent Andres Cantor, Bill Mack, Wynton Marsalis, Cal Ripken Jr. and Barry Switzer as the latest supporters of the pending merger of XM Satellite Radio (NASDAQ: XMSR) and SIRIUS Satellite Radio. The latest bi-partisan Congressional supporters include the Chairman of the Congressional Hispanic Caucus, Rep. Joe Baca (D-CA), Rep. Bob Filner (D-CA) and Rep. Connie Mack (R-FL). This new support adds to the diverse list of supporters for the pending merger.


SIRIUS Satellite Radio (NASDAQ: SIRI) announced recently that it will devote an entire channel - Bing Crosby Christmas Radio - to classic Bing Crosby radio broadcasts from the personal vault of Bing Crosby, one of America's most beloved entertainers of all time and a star synonymous with classic holiday entertainment. Working with the Crosby family, SIRIUS tapped into Bing's personal archives and will transform channel 119 into Bing Crosby Christmas Radio from December 21-25, broadcasting 5 consecutive days of Crosby's incredible holiday radio shows from 1938-1962, brimming with special celebrity guests, music, performances and variety shows. Bing's wife Kathryn Crosby and daughter Mary Crosby will host the channel, sharing personal anecdotes and memories about the programs.

Citadel Broadcasting Corporation (NYSE: CDL) has announced recently that the Company has retained Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. to serve as its financial advisors for the divestiture of certain assets other than those required to be divested as a result of the ABC Radio transaction. The Company expects to generate between $75 to $175 million in gross sale proceeds over the next 12 to 24 months including certain stations that are required to be divested as a result of the ABC Radio transaction. While Citadel has begun the process of exploring these divestitures, it has not yet determined to engage in any such transactions.

247MGI Inc. (OTC: TOFS) ("247MGI") is pleased to announce that it has found a Market Maker to file the Form 15c-211 so the Company can resume trading on the OTCBB. 247MGI will release the name of the Market Maker after the Form has been filed which is expected within the next 7-10 days. 247MGI is currently negotiating an exclusive marketing deal with Equity Solutions, Inc. to market Smallcap Rapp through its financial news distribution website U.S. Equity News (www.usequitynews.com).

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