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Hugh Panero, left, chief executive officer of XM Satellite Radio Holdings Inc., and Tim Brosnan, Major League Baseball executive vice president of business, listen as Allan H. "Bud" Selig, commissioner of MLB, speaks via telephone Wednesday during a news conference in New York. MLB and XM Satellite Radio announced an 11-year, $650 million agreement enabling XM to broadcast games of every MLB team nationwide beginning with the 2005 regular season.

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