EXHIBIT 99.8

                                    CD RADIO

FOR IMMEDIATE RELEASE

                APOLLO AGREES TO INVEST $200 MILLION IN CD RADIO

New York, N.Y.- November 16, 1998 - CD Radio Inc. (Nasdaq: CDRD), the
satellite-to-car radio broadcaster, today announced that affiliates of Apollo
Management, L.P. will purchase $135 million of newly issued preferred stock in
the Company. Additionally, at CD Radio's option, Apollo will purchase $65
million of newly issued preferred stock prior to September 30, 1999. The junior
convertible preferred stock has a 9.2% annual dividend and is convertible into
common stock at a price of $30 per common share. The transaction, which is
subject to antitrust and CD Radio stockholder approval, is expected to close by
the end of December.

CD Radio is building a digital satellite radio system to broadcast 100 channels
of music and other programming to motorists throughout the United States.
Scheduled for launch in early 2000, CD Radio will broadcast 50 channels of
commercial-free music and 50 channels of news, sports and entertainment
programming for a monthly subscription fee of $9.95.

CD Radio's programming will originate at its national broadcast studio in New
York City and be uplinked to the Company's three satellites. These satellites
are currently under construction at Space Systems/Loral and are scheduled for
launch beginning in late 1999. Initially, consumers will receive CD Radio's
broadcasts through a two- inch satellite dish affixed to their car's rear
windshield. This signal will be relayed to a plug-and-play adapter that will fit
into a vehicle's existing cassette or CD slot.

The majority of CD Radio's planned programming formats are generally unavailable
on radio stations in any single market. Unlike conventional stations, which have
an average range of approximately 30 miles before reception fades, CD Radio's
signal is designed to cover the continental United States coast to coast. More
information on CD Radio is available at www.cdradio.com.

ANY STATEMENTS THAT EXPRESS, OR INVOLVE DISCUSSIONS AS TO, EXPECTATIONS,
BELIEFS, PLANS, OBJECTIVES, ASSUMPTIONS OR FUTURE EVENTS OR PERFORMANCE ARE NOT
HISTORICAL FACTS AND MAY BE FORWARD-LOOKING AND, ACCORDINGLY, SUCH STATEMENTS
INVOLVE ESTIMATES, ASSUMPTIONS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL
RESULTS TO DIFFER MATERIALLY FROM THOSE EXPRESSED IN THE FORWARD-LOOKING
STATEMENTS. AMONG THE KEY FACTORS THAT HAVE A DIRECT BEARING ON CD RADIO'S
RESULTS OF OPERATIONS ARE THE POTENTIAL RISK OF DELAY IN IMPLEMENTING CD RADIO'S
BUSINESS PLAN; INCREASED COSTS OF CONSTRUCTION AND LAUNCH OF NECESSARY
SATELLITES; DEPENDENCE ON SATELLITE CONSTRUCTION AND LAUNCH CONTRACTORS; RISK OF
LAUNCH FAILURE; UNPROVEN MARKET AND UNPROVEN APPLICATIONS OF EXISTING
TECHNOLOGY; AND CD RADIO'S NEED FOR SUBSTANTIAL ADDITIONAL FINANCING.
ACCORDINGLY, ANY SUCH STATEMENTS ARE QUALIFIED IN THEIR ENTIRETY BY REFERENCE
TO, AND ARE ACCOMPANIED BY, THE FACTORS DISCUSSED IN CD RADIO'S ANNUAL REPORT ON
FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 1997.

For Further Information:
Madeline Couton, CD Radio, 212-899-5000