The channel is to run from Saturday at 6 a.m. ET to Sunday at 6 a.m. ET on Sirius channel 108 and XM channel 139.
Sirius said Friday "Tiger Blood Radio" will "take listeners behind the headlines, exploring the media frenzy/media reaction, as well as the medical, psychological, psychiatric and pop-culture and celebrity angles. Additionally, through a recap of news coverage, it will offer a timeline of recent events."
Sheen, who has long battled an addiction to drugs, has engaged in a media blitz during the past two weeks, blasting his bosses at his long-running sitcom, "Two and a Half Men," as well as making grandiose claims about himself such as that he has "tiger's blood" and "Adonis DNA."
Following Sheen's erratic behavior, the producers of "Men" canceled the rest of this season of the show and the actor's estranged wife was granted a restraining order against him for herself and their twin toddler sons.
Celebrity Families of 2014 [PHOTOS]