Pandora Shutdown Possible
Sikosis) on In a Washington Post confessional, Pandora's founder and CEO Tim Westergren said: "We're approaching a pull-the-plug kind of decision. This is like a last stand for webcasting."
Westergren blames the decision of the Library of Congress' Copyright Royalty Board last year, which set rates for streaming radio services. These rates swallow 70% of Pandora's advertising revenue.
Westergren blames the decision of the Library of Congress' Copyright Royalty Board last year, which set rates for streaming radio services. These rates swallow 70% of Pandora's advertising revenue.
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