Washington - XM Satellite Radio said on Wednesday that it will launch next week a radio channel -- called P.O.T.U.S. '08 -- devoted to the upcoming presidential election. The 24-hour radio channel will offer coverage of the 2008 presidential campaign, including news and opinions from both traditional media and unconventional outlets, such as political bloggers and podcasters. Presidential candidates also will be offered free time each day to speak to listeners.

Washington - XM Satellite Radio, a provider of satellite radio service to more than 7.6 million subscribers, is negotiating a deal to sell its XM-4 satellite for as much as $300 million, and then lease it back, Barron's Online reported. Citing information from UBS analyst Lucas Binder, Barron's said the deal would provide extra liquidity for XM, removing the need for it to access its revolving credit line. The company is scheduled to report its fourth quarter and full year earnings next week.

George W. Haywood has resigned as a member of XM's Board of Directors, effective October 3rd, it was announced today by Gary Parsons, Chairman of the Board, XM Satellite Radio. “On behalf of XM's Board of Directors, I'd like to thank George for his contributions to XM over the last few years," said Parsons. "It's been a true pleasure to work with someone as talented as George and we wish him well in his future endeavors."