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STEWART TO LAUNCH A SIRIUS SATELLITE RADIO CHANNEL

Six weeks after being released from federal prison, Martha Stewart has reached a deal with Sirius Satellite Radio Inc. to create a 24-hour channel featuring cooking, gardening and entertaining programming for women.

Coming on the heels of separate deals to create a version of "The Apprentice" and a daily cooking show, the four-year agreement announced today with Sirius marks Stewart's latest move to rebuild her business after serving time for lying to the government about a stock sale.

For Sirius, the deal with Stewart is the most recent effort to compete with its much larger rival in the emerging satellite radio business, XM Satellite Radio Holdings Inc. Earlier this month XM reported that it had 3.8 million subscribers, while Sirius' most recent subscriber count was 1.2 million.

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