Bloomberg: Apple's Pandora-Killing Internet Radio Service Is
Coming Early Next Year  Bloomberg reports that Apple is
currently negotiating licensing deals with record labels in
hopes that it can launch an Internet radio service "within the
first three months of 2013." The service would be a formidable
competitor to Pandora.  The report cites unnamed music industry
sources that would seem confirm Apple's long-rumored internet
radio plans. As iTunes music sales slow down, it seems Apple
hopes it can give streaming services like Pandora and Spotify a
run for their money. Any new service would be very bad news for
Pandora because the company's "compulsory" music licenses limit
its flexibility in serving songs to users. Indeed, Bloomberg
reports that Apple's gunning for something a lot more flexible.
[Bloomberg]