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Pandora Media Inc (P)

P on New York Consolidated

13.47USD
23 Jan 2017
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Thu, Jan 12 2017

Pandora Media to cut 7 pct U.S. jobs, expects to exceed Q4 rev forecast

Jan 12 Music streaming service Pandora Media Inc said it would reduce about 7 percent of its U.S.-based workforce and also expects to surpass its previous fourth-quarter revenue forecast.

BRIEF-Pandora Media estimates to incur about $5 mln-$7 mln employee severance expense

* Pandora Media - Estimates to incur about $5 million to $7 million of cash expenditures, substantially all of which are related to employee severance and benefits costs

BRIEF-Pandora expects to exceed Q4 2016 guidance

* Pandora expects to exceed Q4 2016 guidance, citing subscription momentum and RPM growth

Pandora looking at bidders beyond Sirius XM: CNBC

Internet radio provider Pandora Media Inc is looking at potential acquirers beyond satellite radio company Sirius XM Holdings Inc, CNBC reported, citing sources.

Sirius reapproaches Pandora for a takeover: source

Satellite radio company Sirius XM Holdings Inc's Chairman Greg Maffei recently made a fresh approach to internet radio provider Pandora Media Inc and expressed interest about a potential takeover, according to a source familiar with the matter.

BRIEF-Omega Advisors dissolves share stake in Netflix, cuts in Facebook - SEC filing

* Omega Advisors dissolves share stake in Netflix - SEC filing

BRIEF-Pandora Media initiates search for full-time CFO

* Says on Nov 8, co announced that it has initiated search for full-time chief financial officer Source text for Eikon: [ID:http://bit.ly/2fQOPe6] Further company coverage:

Pandora Media cuts revenue forecast amid stiff competition

Music streaming service Pandora Media Inc cut its full-year revenue forecast and reported lower-than-expected quarterly results amid intense competition.

Pandora Media reports third straight quarterly loss

Oct 25 Music streaming service Pandora Media Inc reported its third straight quarterly loss on Tuesday as operating expenses rose 16.5 percent.

BRIEF-Pandora Media sees Q4 2016 revenue $362 mln to $374 mln

* Q3 revenue $351.9 million versus I/B/E/S view $366.3 million

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