Pandora Shares Jump With Favorable Ruling on Web-Music Rates

Updated on
  • Royalty Board issues Internet radio decision for 2016-2020
  • Rival IHeartMedia also soars after ruling sets low rates

Pandora Media Inc. jumped as much as 21 percent, the most since March 2013, after a ruling set music streaming rates well below the amount sought by performers and the major record labels.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.