Can Pandora chase away traditional radio?
To fans, the Web radio service is the antidote for the endless top-40 loops played by terrestrial radio stations. Listeners choose songs or artists they enjoy and the company's music recommendation engine, which bubbled up out of the Music Genome Project, will choose songs based on their choices.
The company is planning to file for an initial public offering soon and Pandora would seem to be another example of an ad-supported music service that has made good. But we still don't know whether the business model is profitable. While documents filed this year by Pandora with the Securities and Exchange Commission show the company has seen profitable quarters, the company has also reported losses for each of the past three years.
May 27, 2011 4:00 AM PDT
Photo by: CNET
| Caption by: Greg Sandoval
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