Pandora Reports Mixed Results As Rumors Of A Buyout Surface

Pandora Media reported its Q4 revenues just ahead of the market expectations but its profits failed to beat the estimates. And just before the earnings release, the New York Times reported that the Internet radio company is holding discussions to sell itself amid soaring losses, growing competition and waning investor confidence. Pandora reported revenues of $336 million for the quarter, which was $4 million ahead of the consensus estimates. Total listening hours hit 5.37 million, 3% higher than...