Music licensing firm BMI is set to sue Pandora (P -0.9%) over its efforts to secure lower...

|About: Pandora Media (P)|By:, SA News Editor

Music licensing firm BMI is set to sue Pandora (P -0.9%) over its efforts to secure lower publishing royalty rates, Billboard reports. Sources claim BMI "realized that further negotiations with Pandora would be futile" following its attempt to lower payments by acquiring a Rapid City, SD radio station.