Pandora (P -11.7%) rises 3.7% AH after music execs tell CNET Apple's (AAPL) Internet radio...

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

Pandora (P -11.7%) rises 3.7% AH after music execs tell CNET Apple's (AAPL) Internet radio service is far from a done deal. Though requesting more flexibility for its service than what Pandora and others can offer, Apple reportedly is pushing for a lower royalty rate, and some think its offered cut on iAd sales isn't high enough. However, studios are said to be worried a spurned Apple could join Pandora in supporting the Internet Radio Fairness Act. (Bloomberg report) (more on Apple)