Pandora Media, the company behind the Web radio service, posted big fourth-quarter revenue gains as advertising revenue jumped 51 percent from the year-ago period.
At the same time, the company's losses widened 78 percent to $14.6 million.
"Pandora has been hiring top talent in local radio markets to further increase our share of the $15 billion radio ad market," Pandora Chief Executive Joe Kennedy said in a statement. "We are now effectively the largest radio station in almost every major market and begin fiscal year 2014 with extraordinary momentum."
Separately, Kennedy announced that he'… Read more