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In case you don't use Pandora, it's an awesome free music service that streams your preferred genre of music. It's wildly popular because it's free and because it's classification process really works. Yesterday, the founder of Pandora announced that it's on the verge of pulling the plug on the service because it just can't make money. "Pandora says they’re alread paying 70% of their $25 million in yearly revenues in royalty fees, and it is driving them out of business. Other Internet radio stations are even worse off. For their part, the music industry says Internet radio stations have no one but themselves to blame, and suggest they find more innovative revenue models."
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