POSTED: 1:03 p.m. HST, Mar 7, 2013
LAST UPDATED: 1:52 p.m. HST, Mar 8, 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.