Media Reporter, Heard on the Street , Wall Street Journal
Media and telecom reporter for @WSJheard; Vespa rider; aesthete; 212-416-2679; email@example.com
blogs.wsj.com — Pandora Media is doing it the old-fashioned way. The Internet-radio company said this week that it was buying KXMZ-FM, a radio station in Rapid City, S.D. That seems odd for a digital phenom. But Pandora hopes that by buying a so-called terrestrial station, it can get better terms on royalties from music publishers.
online.wsj.com — Internet radio giant Pandora said it made a deal to buy KXMZ-FM, a tiny terrestrial radio station in Rapid City, S.D., in order to qualify to pay lower royalty rates to music publishers.
billboard.com — Internet radio giant Pandora is taking an innovative route to lower ASCAP fees: The purchase of a small-market terrestrial radio station. The company announced Tuesday it has purchased KXMZ-FM in Rapid City, South Dakota. Terms of the deal, which closed Wednesday, were not disclosed.
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