Pandora stock is benefitting today from two encouraging pieces of Wall Street news. As of this post, P stock is up three percent, to its highest level of July. One investor’s note to clients reveals how Pandora is re-allocating resources to favor the radio service, putting Pandora Premium in maintenance mode. Continue Reading
Foursquare announced that it has entered a partnership with Pandora for an effort to measure the real world impact of radio advertisements. The center of the agreement is Attribution by Foursquare, which applies the company’s location intelligence to offline measurements. This tool will help Pandora for Brands clients to understand the impact of digital ad campaigns on visits to brick-and-mortar stores. Continue Reading
Pandora’s new interim CEO, Naveen Chopra, who moved into the temporary role from when ex-CEO and founder Time Westergren stepped down two days ago, is quickly in the spotlight. Chopra spoke at the 4th Annual Bernstein Future of Media Summit, and reconfigured Pandora’s strategic priorities. Continue Reading
Along with the recent shifts to leadership, Pandora is planning to shut down its operations in Australia and New Zealand. Those two markets are the only ones where Pandora has expanded outside the United States. Operation in those regions will end over the coming few weeks. The shut-down is expected to impact about 1.2 million subscribers. Continue Reading
Reported yesterday and confirmed this morning, founder and CEO Tim Westergren has left Pandora. He steps down from the chief executive position, and exits the board of directors. President Mike Herring likewise leaving. The CFO is now interim CEO. A new board member takes a seat, as directors start searching for the next CEO. Continue Reading
With today’s report that Pandora founder Tim Westergren could be ready to step away from his role as CEO, it’s worth looking back over the last six months — the most eventful half year of Pandora’s history. Continue Reading
The changes are still coming for audio specialist Pandora with the news that Tim Westergren may be stepping down as Pandora’s CEO. Recode reported on Sunday that the co-founder plans to exit the top executive role at the online audio company. Pandora reportedly does not have a planned replacement yet for Westergren, and he is expected to stay on until a new CEO joins the business. Continue Reading
TuneIn has filed a lawsuit against Pandora, alleging a breach of contract surrounding an ad deal, according to a report by Billboard. The radio streaming platform claims that did not meet ad sales goals or deliver payments during Q1 2017. Continue Reading
Pandora has announced a special campaign in honor of Pride month, with a station recognizing the many contributions of the LGTBQ+ community to music. The Sounds like Pride station highlights those performers. Many performers have also used Pandora’s Artist Audio Messages to contribute statements calling for tolerance, human rights, and inclusion. Continue Reading
Pandora has sold its terrestrial radio station. It has handed off the South Dakota station KXMZ 102.7 to Haugo Broadcasting for $300,000. Pandora initially purchased the station from Connoisseur Media in 2015 for $600,000. The sale brings an end to a convoluted chapter in the audio company’s legal and licensing history. Continue Reading
Underneath the flurry of business activity surrounding Pandora, the audio company has announced a new feature. Auto-Play is a new option only available for listeners on its Premium tier. This new capability lets subscribers switch between the new on-demand approach ann lean-back listening. Continue Reading
The news of Sirius XM’s $480 million in Pandora wasn’t the only big development for the audio company today: Pandora has sold Ticketfly to Eventbrite for $200 million. Here, we also get a little more insight into what the outlook is within Pandora, both on the recent business activities and on its future direction. Continue Reading