Latest in Pandora Media

Roger Lynch is saying goodbye to Dish Network’s Sling TV, and hello to Pandora Media. The music streaming company picked Lynch to be CEO, ending the search for a replacement for Tim Westergren who left in June. Lynch will join the company, and its board, on September 18. Pandora also says that former Sony…

The leadership changes at Pandora Media are taking place faster than expected: Today the company says that CEO Tim Westergren decided to step down, with CFO Naveen Chopra filling in as interim CEO. President Mike Herring and CMO Nick Bartle also left. In addition to relinquishing the CEO job, Westergren is leaving the…

Pandora Media investors appear to be encouraged by a report that CEO Tim Westergren will leave once the board settles on a replacement. The share price is up 2.8% in morning trading following the news from Recode’s Peter Kafka. Westergren, who helped to co-found Pandora in 1999, may have seen the writing on the wall…

Pandora Media’s effort to find a financial savior has sent it into the arms of John Malone’s Liberty Media with a $480 million investment agreement announced this morning. Liberty-owned SiriusXM will buy convertible preferred stock equal to 19% of Pandora — with an agreement not to go above 31.5% unless the board…

Liberty Media just added some more static to the shifting signals it’s been sending about its interest in buying Pandora Media. “We think the stock is overvalued, so it’s unlikely we’re going to buy them,” Liberty CEO Greg Maffei told investors today at the Deutsche Bank Media, Internet & Telecom Conference. “I would…

Liberty Media CEO Greg Maffei seemed to change his tune slightly today when it comes to a possible deal with SiriusXM buying Pandora Media. The streaming music company’s shares jolted to a 2% gain after Maffei, whose company owns 66% of the satellite radio provider, called Pandora “a really interesting asset.” “You…

It’s a good day for Pandora Media, as long as you aren’t an employee. The music streaming power’s shares are up more than 8% in post-market trading after it said that it beat the targets it set for revenues and cash flow in Q4 — and still plans to slash its U.S. employee base by about 7% before the end of March. In…

Pandora Media shares spiked more than 13% before settling back to an increase of more than 8% this morning after CNBC’s David Faber disclosed that the struggling streaming music company has changed course and is now open to a sale. Faber stressed that this is still early in the process, with nothing formal to report…

Pandora Media shares are up 7% to about $9 on a down day for the market after the New York Times reported that it has hired Morgan Stanley to help sell the Internet music service. The report, citing “people briefed on the talks,” did not name a potential buyer. The disclosure came as Pandora prepares to unveil its Q4…

Pandora Media hit a conspicuous sour note on Wall Street today after it tacitly acknowledged that it will be hurt more than investors expected by music service competitors including Apple, Google, and Spotify. Pandora shares are down more than 35% — and dipped to $11.50,  their lowest price in more than two years…

Shares are up 14% in late afternoon trading and touched an all-time high of $32.45 today after Pandora unveiled surprisingly strong audience results for December — and a plan to introduce in-car advertising. The streaming music company had 76.2M active listeners in the month, up from 67.1M a year ago, and accounted…

Pandora shares are down about 11% at mid-day, a little more than a week after the company rallied from its report that sales were stronger than expected in Q1. Investors are anxious following The Wall Street Journal‘s report this morning that Apple agreed over the weekend to let Warner Music’s publishing operation…