A report that Westergren planned to step down first surfaced Sunday on the tech news side Recode. Pandora said that Naveen Chopra, a former TiVo executive who joined Pandora as CFO in February, will serve as interim CEO while the company conducts a search for a permanent CEO. Further, Pandora announced it has appointed Jason Hirschhorn to its board, filling a recently vacated seat. Pandora then spent much of 2016 as the subject of buyout or sale rumors. Some analysts were encouraged by the renewed core focus and profitability of this deal, even if they dislike convertible stock financing, while others were largely negative.
Fellow board member Tim Leiweke says the company is "confident that the company is in a better position than ever to capture an increasing share of the music listening audience".
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Starling said there was "no evidence whatsoever to suggest that this fellow died as a result of the brawl at Seagulls last week". Grace Grace, a Palaszczuk government minister, in turn denied there was a problem with bikie crime on the Gold Coast.
Pandora, which for most of its lifetime offered free internet radio but has lately tried to make some headway in subscription music streaming, spent over a year looking for a buyer. The deals gave Pandora a cash injection as the company adjusts to the changing landscape in the music industry, where on-demand downloading services like Spotify Ltd are gaining in popularity.
It is not the second time Westergren has stepped down as the CEO of Pandora.
Westergren's departure implies Sirius XM is quickly getting its own people in place at the top of Pandora, she said.
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Channing has played matchmaker Dolly Levi thousands of times in several Broadway revivals, most recently in 1995. The 2017 Tony Awards featured multiple eye-popping performances from some of the biggest stars on Broadway.
Pandora has struggled to contend with the fast growth of Spotify and Apple Music, along with the billions of dollars Amazon.com Inc and Google are investing in music.
Liberty Media CEO Greg Maffei, who is also chairman of Sirius XM, touted the opportunity to increase ad revenue, saying Liberty has "long recognized the strength of the Pandora brand and the opportunities in the ad-supported digital radio market".
Shares of Pandora Media Inc., which are already down 35 percent since the beginning of the year, slipped about 1 percent to $8.38 in midday trading. A year ago the service, one of the first successful music platforms in the smartphone era, had net losses of more than a quarter of a billion dollars as its user base left for other platforms like Spotify and Apple Music.
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This was a no-lose situation for Vegas - no matter what they were walking away with a two-time Stanley-Cup winning netminder. Vegas could look at Boston's Colin Miller (24), Edmonton's Griffin Reinhart (23) and Buffalo's Zach Bogosian (26).