With royalty fees eating up as much as 70% of projected revenue, major Internet radio station Pandora is facing serious financial difficulties, and this does not bode well for Internet radio stations in general, which have to pay higher fees than traditional radio stations.
Read more about it at "Giant of Internet Radio Nears Its 'Last Stand'," "Music Biz *Still* Trying to Kill Web Radio," "Pandora Could Be First Major Casualty of New Royalty Rates," and "Pandora: On the Brink of Closing Down."
