Pandora Is Losing Active Listeners, Selling Fewer Ads: What Will New CEO Roger Lynch Do
publish date: 2017-11-03
It’s because of companies like Pandora that many in the industry are referring to this past summer as the “Summer of Streaming” -- and not necessarily in a positive light.
Within the span of a single month (namely June 2017), Pandora saw its original founder and CEO Tim Westergren, chief marketing officer Nick Bartle and president Mike Herring leave the company, sold its “Eventbrite-killer” acquisition of Ticketfly to Eventbrite and accepted a $480 million investment from SiriusXM after months of searching for a buyer.
Roger Lynch, the former chief of video streaming service Sling TV, joined Pandora on Sep. 18 to replace Westergren and Herring as CEO and president and was immediately faced with the ultimate challenge of revitalizing a sinking ship.