Sirius Satellite Radio and Frank Sinatra Enterprises are teaming up to create a new channel dedicated to the music, time and spirit of Frank Sinatra: Siriusly Sinatra. A move that wrestled the Sinatra namesake away from XM last month.

Entitled "Siriusly Sinatra" the channel is the only on the radio that is produced by the Sinatra family. Featuring a weekly show hosted by Nancy Sinatra, rare live concert performances, and special programs of archived material.

Another incredible feature on the Siriusly Sinatra channel will be "The Chairman's Hour," which is hosted by Frank himself out of on archival material both spoken word and music.

Siriusly Sinatra will also air other artists from the big band, swing and traditional pop genres.

[Press Release] 

UPDATE: According to the NY Daily News, Nancy Sinatra will be at Sirius today for the official unveiling of the channel (which will happen at Sirius' studios in Rockefeller Center).

Nancy also said the arrangement with XM was made "when there was only one network operating." Though Jonathan Schwartz, PD for XM's High Standards (formally "Frank's Place") said there will be no change in the Sinatra content of XM's channel.