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Pandora Media latest news:
US STOCKS-Wall St jumps as N. Korea tensions wane; S&P 500 up 1 pct
* Indexes up: Dow 0.6 pct, S&P 1 pct, Nasdaq 1.3 pct
(Updates close with Snap volume, Pandora Media up after the
BRIEF-Pandora Media says Roger Lynch to receive annual base salary of $650,000
* Pandora Media-roger J. Lynch to receive annual base
salary of $650,000, to be eligible for annual target bonus equal
to 100% of his base salary
Pandora Media names Roger Lynch as CEO
Music streaming company Pandora Media Inc (P) named Roger Lynch as chief executive on Monday, replacing interim CEO Naveen Chopra who will continue as the chief financial officer. Lynch previously worked as the founding CEO of Sling TV, Dish Network Corp's (DISH) online streaming service. Pandora shares were up 4.5 percent at $8.45 in after market trading.
Pandora names former Sling TV executive its CEO
Pandora Media Inc. late Monday announced that Roger Lynch will join the company as its CEO and president as well as a member the board of directors, effective Sept. 18. Naveen Chopra, who has served as Pandora's interim CEO since June, will continue in his role as chief financial officer. Lynch served as the founding CEO of Sling TV, and prior to that was an executive at DISH Network Corp. Pandora also announced it has also appointed Michael Lynton to its board of directors. Pandora's former CEO, Tim Westergren, stepped down in June. Shares of Pandora rose 5% after the announcement, and ended the regular trading day down 0.1%. 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 Media's revenue beats on advertising boost
(Reuters) - Pandora Media Inc on Monday reported better-than-expected quarterly revenue as advertisers spent more on the online music streaming service amid stiff competition.
Pandora Media jumps 6% after earnings
Pandora Media Inc. reported a large quarterly loss Monday, mostly due to one-time charges for the divestment of its Ticketfly ticketing service, but beat earnings expectations on an adjusted basis, and shares moved higher in late trading. The online-music company reported a net loss of $275.1 million, or $1.20 a share, on revenue of $376.8 million, with sales gaining nearly 10% from the year-earlier quarter. After adjusting to strip out the one-time Ticketfly charges and other costs, Pandora claimed a loss of 21 cents a share, after posting a loss of 12 cents a share in the same quarter a year ago. Analysts on average expected Pandora to report an adjusted loss of 24 cents a share on sales of $368 million. This is the first report since Pandora took a $480 million investment from Liberty Media Corp.'s Sirius XM Holdings Inc. , a transaction that included the Ticketfly divestment, and bid goodbye to Chief Executive Tim Westergren. Pandora stock fell 5.3% to $8.95 in Monday's regular trading session, then jumped more than 6% to top $9.50 in immediate after-hours action following the report.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.
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