XM Radio Reportedly Signs Baseball Deal

XM Satellite Radio Holdings Inc. is raising the ante in its programming battle with rival Sirius Satellite Radio Inc., reportedly signing an 11-year programming deal with Major League Baseball.

Such a deal could be worth even more than the $500-million pact Sirius recently made with shock jock Howard Stern.

Officials from both Major League Baseball and XM declined to comment, but MLB notified reporters late Tuesday that baseball Commissioner Bud Selig would have a news conference this morning with Hugh Panero, XM’s chief executive.