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Pandora Media stock price, P
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Pandora Media latest news:
BRIEF-Pandora Media Says Entered Into Credit Agreement Under Which Lenders Secured Revolving Credit Facility Of Up To ...
Pandora Media Inc(P): * PANDORA MEDIA(P) - ON DEC 29, CO ENTERED INTO CREDIT AGREEMENT UNDER WHICH LENDERS COMMITTED TO CO SECURED REVOLVING CREDIT FACILITY OF UP TO $200 MILLION. * PANDORA MEDIA SAYS REVOLVING CREDIT FACILITY HAS POTENTIAL FOR SUBSEQUENT INCREMENTAL INCREASE OF UP TO $50 MILLION - SEC FILING.
BRIEF-Pandora Media Says Entered Into Credit Agreement Under Which Lenders Secured Revolving Credit Facility Of Up To $50 Mln
* PANDORA MEDIA - ON DEC 29, CO ENTERED INTO CREDIT
UNDER WHICH LENDERS COMMITTED TO CO SECURED REVOLVING CREDIT
FACILITY OF UP TO $200 MILLION
Pandora stock rises as company introduces new on-demand radio feature
Shares of Pandora Media Inc. rose 3% in Friday morning trading after the company announced that it would allow users of its ad-supported radio service to play songs on demand, in exchange for watching a 15-second video advertisement. Listeners of the free radio product who search for a song will be able to watch an ad to "unlock a Pandora Premium listening session," the company said in a Thursday afternoon release, in reference to Pandora's paid on-demand streaming service that launched earlier this year. The ability to play a specific song was the "top request" among listeners of Pandora's radio product, according to CEO Roger Lynch. Stifel analysts led by John Egbert wrote that while Spotify and YouTube also allow mobile users to listen to music on demand for free, "this feature helps Pandora narrow that gap and could potentially avoid pushing the company's listeners toward rival services when they're looking for a specific song." They added that "investors may be under-appreciating the benefits this product could yield to Pandora, both in terms of audience and ad revenue stabilization." Stifel has a hold rating on Pandora shares and an $8 price target. Pandora shares have fallen 61% this year, compared with a 19% gain for the S&P 500 Index .Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Pandora posts bigger quarterly loss, shares drop
Nov 2 (Reuters) - Pandora Media Inc reported a bigger
third-quarter loss on Thursday due to higher expenses as the
online music streaming service provider spent heavily to attract
new customers, sending its shares down more than 10 percent in
trading after the bell.
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