Clear Channel Radio Now Broadcasting All HD Stations, Including HD2 Side Channels, with iTunes Tagging Compatibility and 247MGI Issue Update

City of Industry, CA --(www.USEquityNews.com)-- 06/27/2008 - Broadcasting industry alert provided by U.S. Equity News. Cementing its lead in the HD Radio space, Clear Channel Radio (NYSE: CCU) today announced that all of its 350 HD2 stations are iTunes Tagging compatible, allowing songs played on Clear Channel Radio HD stations to be added to an iPod when tagged by a tagging-capable receiver. With just the push of the 'tag' button on Polk Audio and Alpine HD Radio receivers, songs can be previewed, purchased, and downloaded. "With radio now well established in the digital age, innovation is a priority at Clear Channel Radio, which is why we developed technology to make iTunes Tagging possible," said John Hogan, president and CEO of Clear Channel Radio. "With 700 of our HD stations now tagging-capable, and because of our collaboration with iTunes, iPods can now continuously be refreshed with new songs discovered on radio."


XM Satellite Radio Holdings Inc. (NASDAQ: XMSR) today announced that it had reached an agreement with holders of approximately 94.6% of its $400 million aggregate principal amount of 1.75% Senior Convertible Notes due 2009. Pursuant to the agreement, XM will commence, prior to July 10, 2008, an exchange offer to exchange new senior convertible notes due 2009 of XM for the existing notes. The new notes will bear interest at a rate of 10%, but will otherwise contain substantially the same terms as the existing notes. The 10% interest rate on the new notes will begin to accrue on July 2, 2008. The noteholders that are party to the agreement have agreed not to assert any claim that the proposed merger of XM with a subsidiary of Sirius Satellite Radio constitutes a "Fundamental Change" under the existing indenture, which, if any, would require an offer be made by XM to repurchase the existing notes at par within a specified period following the merger. The exchange offer will be conditioned on the closing of the merger and to other customary conditions for an offer of this nature.

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.

Rogers Wireless (NYSE: RCI), Canada's largest wireless carrier with Canada's fastest wireless network, today announced a variety of voice and data pricing plans for the much-anticipated Apple(R) iPhone 3G set to hit stores on Friday, July 11. With monthly plans starting at $60 for voice and data combined, Rogers offers a wide selection of high value price packages to meet the needs of Canadian iPhone aficionados. All price plans require a three-year contract. iPhone 3G combines all the revolutionary features of iPhone with 3G networking that is twice as fast(x) as the first generation iPhone, built-in GPS for expanded location based mobile services, and iPhone 2.0 software which includes support for Microsoft Exchange ActiveSync and runs the hundreds of third party applications already built with the recently released iPhone SDK.

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