Posted Jun. 12, 2013 at 11:46 a.m.

Premium Lock Pandora buys FM radio station to secure lower music rates

Published: 2013-06-12 11:46:49
Updated: 2013-06-12 11:46:49

Pandora IPO Pandora indicated it would raise $100 million with an initial public offering stock, according to documents filed by the music company on Friday.

Buying KXMZ-FM in Rapid City qualifies Pandora for the same rights and prices enjoyed by competitors such as Clear Channel Communications Inc., CBS Corp. and Cumulus Media Inc., Pandora's assistant general counsel says....

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