Pandora (P +5.3%) is spiking higher as Apple (AAPL) announces an iTunes overhaul without saying...

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

Pandora (P +5.3%) is spiking higher as Apple (AAPL) announces an iTunes overhaul without saying anything about a new Internet radio service, the subject of a Sep. 7 WSJ report (I, II) that crushed Pandora's shares. However, it's worth pointing out the WSJ scoop cautioned Apple's service could be months away, given the company had only recently begun licensing talks with studios.