Pandora Dumps Its Only FM Station


In what some may label a “fire sale” at troubled streaming audio company Pandora Media, the Oakland, Calif.-based company getting a $480 million investment from Sirius XM has just agreed to sell its only radio station for half of what Pandora paid for it exactly four years ago.

Tucson-based Kalil & Co. represented Pandora in this transaction, which sees a South Dakota FM end up in the hands of a local broadcast company.

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