The company, which has never turned a profit on an annual basis, faces intensifying competition from services such as Sweden's Spotify, Apple Inc's (AAPL.O) Apple Music and Alphabet's (GOOGL.O) Google Play Music. Naveen Chopra, who stepped in as the company's CFO back in February will be filling in the top spot as interim CEO while the board of directors looks for a permanent replacement. Now, it is also offering a full on-demand service to directly compete with Spotify and Apple Music.
But perhaps the biggest problem facing Pandora is its cash position, which was shrinking and as of March 31 with cash and short-term investments of $203 million.
Jason Hirschhorn, an influential media-industry exec, is joining Pandora's board.
Hirschhorn was previously the co-president of the once red hot social network Myspace.
"Over the past several weeks, the board has taken a number of steps to refocus and reinforce Pandora", board member Roger Faxon said in the statement. Pandora announced a $10-a-month on-demand service for listeners earlier this year.
"I believe Pandora is perfectly poised for its next chapter", Westergren says in a statement regarding the move.
The Pandora investment represents a kind of long-term insurance policy for Sirius against these market shifts.
Westergren will reportedly remain with Pandora in some capacity if he gives up his CEO seat.
Singh on Thursday hailed the Indian patrolling team at the border, citing that it makes it hard for the Pakistan Army to enter. The Indian Army has been retaliating strongly to the ceasefire violation in the Khari Karmara areas of the sector.
Lujan said Tuesday's results show Democrats have the momentum to flip the 24 seats they need to reclaim control . Despite the defeat, Democrats could use this his hard-fought campaign as rallying cry for the 2018 elections.
Jin also expressed confidence about the possibility of the USA and Japan becoming member states: "The door is always wide open". Jin's positive remarks were seen as the bank being open toward possible economic projects between the two Koreas.
When she moved towards the door, she was restrained by another passenger. "She ended up breaking it off", Mokwuah said. Some passengers claimed that the woman had been behaving strangely at the gate before the flight from Los Angeles.
Down by a goal, the Indians went all out attacking in the last 10 minutes and had three clear chances to score. Going by form and ranking, world no. 6 India start overwhelming favourites against the 14th-placed Malaysians.
Real Madrid star Cristiano Ronaldo has been summoned by the Spanish authorities as part of the investigation into his tax affairs. He has won three Champions Leagues, two La Liga titles and two Copa del Reys in his eight years in the Spanish capital.
The event, which is being hosted by Leslie Jones , will be live streamed on BET.com and it will also be available on YouTube . Mars and Beyonce will also compete for album of the year , video director of the year and the viewer's choice award .
Mark Arnett told CNN that according to the mother, the children were playing in a back room of their home when they disappeared. Randolph further told investigators that she broke the auto window so that it would look like an accident, police said.
In 2013, a stunt performer and pilot were killed during the air show when their aircraft crashed during a public demonstration. A Thunderbird F-16 was involved in an incident Friday while practicing for an OH air show, according to multiple reports.
After Yanez reached Castile's driver's side window, roughly 30 seconds passed before Yanez fired his weapon. Unlike Reynolds' video, the squad-car video shows the situation's quick escalation and the shooting itself.
Lilliputing tells us that Yota Devices has announced the YotaPhone 3 at the China-Russia Expo in Harbin. The device will have dual displays, with an E Ink unit in the rear and an AMOLED unit in the front.
Justice Neil Gorsuch joined the court after arguments were heard in the case and did not participate in Monday's decision. She said the nickname is a racist slur that never should have been trademarked in the first place.
Ronaldo scores, Portugal eases past New Zealand 4-0
Andre Silva wrapped up a comfortable victory with a fierce angled finish on 80 minutes, and Nani added a fourth in stoppage time . Both nations have four points, with group leaders Chile facing Australia on Sunday while Germany meet Cameroon at the same time .
Four-way tie at US Open as big guns crash out
Despite a flurry of late birdies it was not enough to turnaround an erratic round littered with errors and missed opportunities. Meanwhile, Leishman had raced up the leaderboard through his opening 10 holes before a double bogey at the par-4 12th.
Road rage suspected in Muslim Va. teen's death
Police have arrested a 22-year-old man who allegedly assaulted and killed a 17-year-old after she left her mosque in Virginia . According to CNN , a police officer recognized the auto as fitting the description of the vehicle in the road rage attack.
Murder of Reston Teen: 'A Deadly Case of Road Rage'
If you think for a minute that her appearance had nothing to do with this crime, you're lying to yourself". "She's gone", he said. Others said they did believe the attack was a hate crime, though they can't understand why that would happen so close to home.
Family Urges Calm After Milwaukee Ex-cop's Acquittal
According to Fox6, jurors also had the option to pick from two lesser charges instead of first-degree reckless homicide. Heaggan-Brown was sacked from the police force in October after being charged with sexual assault in an unrelated case.
Panamanian President Defeats Trump Handshake
Trump and Panamanian President Juan Carlos Varela spoke briefly with reporters in the Oval Office when Trump made the remark. And then came the non sequitur: "The Panama Canal is doing quite well, I think we did a good job building it".
Celtics trade No. 1 overall draft pick to 76ers
With Thomas, the Celtics didnt necessarily need a point guard which is the piece Philadelphia apparently wanted most . The 76ers will likely also have to give a few other future picks and some role players to make the move.
Darjeeling unrest leaves 36 policemen injured
The Court also directed the Bengal government to take immediate steps to restore peace and normalcy in the hills. He had, however, said that one person had died on Saturday, but did not specify the cause of his death.