News10: The Consumer Electronics Association (CEA) today announced that Tim Westergren, chief strategy officer and founder of Pandora, will deliver a keynote address at the 2013 International CES Leaders in Technology Dinner.
Pandora's founder Tim Westergren is taking over the reins at the streaming service, the company announced today. Westergren replaces former CEO Brian McAndrews effective immediately, as the company installs a new management structure. Chief strategy officer Sara Clemens will take over as COO, and CFO Mike Herring has added president to his role at the company.
Music listening service Pandora saw a dramatic dip and then a dramatic 22% spike in after-hours trading Wednesday, as investors were reading the tea leaves and then learned of the royalty rate decision.
TNW:
From January 1, Pandora is going to be paying more money to music labels for the songs being streamed on its platform.
