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Pandora CEO Kennedy to step down

By Associated Press

POSTED:
LAST UPDATED: 01:52 p.m. HST, Mar 08, 2013


OAKLAND, Calif. » Pandora Media Inc. Chief Executive Joseph Kennedy is stepping down.

The company announced the change today after reporting fourth-quarter results that showed a narrower loss and higher revenue than analysts expected.

Shares jumped $2.23, or 19 percent, to $13.96 in after-hours trading on the news.






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