Good-bye Pandora: Pandora, one of the most popular internet radio stations, is on the verge of collapse. And so may be others like it. The reason? Once again it's licensing fees. "We're approaching a pull-the-plug kind of decision," said Tim Westergren, who founded Pandora. "This is like a last stand for webcasting."
Last year a federal panel increased the per-song performance royalty that web radio stations pay to performers and record companies. As for Pandora their revenue of estimated $25 million this year is mostly used to cover those licensing fees. Too much, assesses Westergreen, so Pandora Music Gen...