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.