In yet another disastrous act of misguided desperation, Pandora announced that they purchased a radio station in Rapid City, South Dakota. That’s not South San Francisco, it’s South Dakota–1500 miles away.
Why did they buy that station? To somehow try to bootstrap themselves into the most important thing in their miserable lives–paying songwriters less. (And artists will be next.)
Pandora has no connection to South Dakota, much less Rapid City–and that’s not why the FCC grants licenses to radio station owners. But in the world of media concentration perfected by Pandora’s running buddies Clear Channel, buying a radio station in a city you have no connection to for purposes not related to proper use of the public airwaves to benefit the citizens of Rapid City is just business as usual. Send in the Silicon Valley lawyers with the IPO checkbook to screw the songwriters whatever the cost.
Just in case you didn’t quite get it before, Pandora has now demonstrated unequivocally that they loathe songwriters so much that they’d literally do anything to screw them. Including antics like buying an FM radio station.
In fact, they would rather spend their IPO millions–gained by their one product, music–on something as idiotic as buying a radio station and take on the burden of FCC licensing (including the inevitable opposition to their license at the FCC) than pay songwriters fairly.
This is a shockingly brazen stunt on the short con, even for committed grifters like Pandora. It compares to Google’s attempt to destroy authors by attacking their ability to bargain collectively in the Google Books case.
And Tim Westergren keeps making $1 million a month in stock sales.
Tomorrow–what do the House of Saud, Google, AIG and Pandora have in common? Aside from crony capitalism, that is.