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Pandora Can Extend Lead in Online Music, CFO Herring Says

Pandora Media Inc. can continue to dominate in Web-based music, Chief Financial Officer Mike Herring said, even as rivals like Apple Inc. and Beats Electronics LLC join forces.

Apple, owner of the iTunes Store, and Beats, which started a streaming-music service this year, are already competitors, Herring said today at the Bloomberg CFO Conference in New York. Their talks to combine in a reported $3.2 billion deal are a recognition of the “huge” opportunity in online music, Herring said.