Turmoil Continues at Pandora Media as Its Chief Executive Resigns [The New York Times]
PANDORA MEDIA (P)
Last pandora media earnings: 7/31 04:01 pm
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Source: The New York Times
Yet as many analysts see it, Mr. Westergren’s departure was an inevitable result of the investment from Sirius XM, the satellite radio giant controlled by Liberty Media. Executives at those companies, particularly Gregory B. Maffei, Liberty’s chief, have made it clear that they admire Pandora’s core advertising business but have little interest in the rest. Advertisement Continue reading the main story “This is the door being opened wide for the Liberty-Sirius XM team to come in with a new agenda for Pandora,” said Barton Crockett, a media analyst with FBR Capital Markets. In its announcement on Tuesday, Pandora said that Naveen Chopra, its chief financial officer, would be interim chief executive while the company searches for a new leader, and that Jason Hirschhorn, a former executive at Myspace and MTV Networks who runs a popular news aggregator, had joined the board. Shares in Pandora were flat on Tuesday, rising only 3 cents to close at $8.49. On Monday, they
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