Giant of Internet Radio Nears Its 'Last Stand' Pandora, Other Webcasters Struggle Under High Song Fees
OAKLAND, Calif. -- Pandora is one of the nation's most popular Web radio services, with about 1 million listeners daily. Its Music Genome Project allows customers to create stations tailored to their own tastes. It is one of the 10 most popular applications for Apple's iPhone and attracts 40,000 new customers a day.
Yet the burgeoning company may be on the verge of collapse, according to its founder, and so may be others like it.
"We're approaching a pull-the-plug kind of decision," said Tim Westergren, who founded Pandora. "This is like a last stand for webcasting."
This will be big news now that the main stream media is covering. It seems that Internet radio is under full assault. Pandora is one of the top apps for the Apple iPhone.
Expect this to be a trending topic on blogs next week. The furor over this could shake things up. Where do Obama and McCain stand on this and similar issues?