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Why Pandora turns to old school radio
Pandora has bought South Dakota radio station KXMZ-FM in an attempt to lower its fees.
June 18th, 2013
03:42 PM ET

Why Pandora turns to old school radio

By Jonathan Binder, CNN

Follow on Twitter: @jbinder

Editor's Note: Listen to the full story in our player above, and join the conversation in our comments section below.

(CNN) – Pandora Radio is a pioneer in putting music online. Pandora allows people to pull up endless music on their computers and take it on the go with a smart phone.

So why are they investing in a small South Dakota radio?

The internet radio giant claims it is paying too much in music licensing fees from companies like ASCAP and BMI. Not only did Pandora file suite against ASCAP, the company bought KXMZ in South Dakota because of a loophole. Companies with terrestrial radio pay less in licensing fees.

Glenn Peoples, Senior Editorial analyst at Billboard magazine, helps sum up their case:

[1:03] "Pandora's argument is that is that they shouldn't be penalized just because they are a stand alone internet radio service. They want the ASCAP fees that are available to stations that are a part of this radio music license  committee settlement."

Subscribe to this podcast on iTunes or Stitcher. And listen to CNN Soundwaves on our SoundCloud page.

 

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Filed under: Media • Soundwaves • Stories • Technology
The cost of investing in art
'Onement VI' by Barnett Newman was sold at Sotheby's Impressionist and Modern Art for $43.8 million on May 14, 2013.
June 2nd, 2013
07:00 AM ET

The cost of investing in art

By Jonathan Binder, CNN

Follow @jbinder

Editor's Note: Listen to the full story in our player above, and join the conversation in our comments section below.

(CNN) – Earlier this month in New York, the two renown art auction houses, Sotheby’s and Christie’s, both had record setting sales.

At Christie’s, one of Jackson Pollock’s iconic drip paintings “No. 19, 1948” was sold for $58 million, which crushed the painting's previous sale in 1993 of just $2.4 million.

Works from 12 contemporary artists like Roy Lichtenstein and Jean-Michel Basquiat, sold for record prices. The sale of postwar and contemporary art at Christie’s totaled $495 million – the highest sales figure at any art auction.

The night before Christie’s auction on May 14 was Sotheby’s sale of contemporary art. The featured work was Barnett Newman’s "Onement VI." The final price tag: $43.8 million. FULL POST

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Filed under: Culture • Economy • Soundwaves • Stories
CNN Radio News Day: May 1, 2013
A collection of fireworks found inside a backpack that belonged to Boston Marathon bombing suspect Dzhokhar Tsarnaev.
May 1st, 2013
04:43 PM ET

CNN Radio News Day: May 1, 2013

CNN Radio News Day is an evening news program providing an informative, thoughtful and creative look at the day's events. It's posted Monday through Friday at 4:30 pm ET.

You don’t have to be at this blog to listen, we want you to take us with you! Click the download button in the SoundCloud player and put us on your smart phone or tablet and bring us with you in the car, on the train or while you’re working out.

(CNN) – Welcome to CNN Radio News Day. Here's some of the stories we are covering in today's show:

  • Three more people are behind bars today, in connection with the Boston Marathon bombings. All are 19-year-old males – Dias Kadyrbayev, Azamat Tazhayakov, and Robel Phillipos. Charges against the teens suggest they helped the accused bombers and obstructed justice by throwing-out evidence. CNN's Brian Todd that evidence included a backpack filled with fireworks, a jar of vaseline, and a homework assignment:

"They removed that (backpack), at least one of them, put that in a black trash bag and into a dumpster, and that was then taken to a landfill. Investigators later found that backpack in the landfill with those items in it." FULL POST

The volatile mix of Tweets and trades
The AP confirmed with another tweet that their account was hacked and the news from the White House was false.
May 1st, 2013
11:32 AM ET

The volatile mix of Tweets and trades

Editor's Note: Listen to the full story in our player above, and join the conversation in our comments section below.

By Jonathan Binder, CNN

Follow on Twitter: @jbinder

(CNN) -  Last week, a fake news story got tweeted from a hacked Associate Press twitter account. Within about two minutes, the stock market sunk over 100 points, but then came back to the surface soon afterwards. An event only made possible by the speed and robotic actions of High Frequency Trading.

Much of the quick back-and-forth trading that swings the market up and down is done by computers. Thousands of trades happen every second. It's because companies have created algorithms to scour the web for information on the market and then acts on that information, in the form of automatic trading. FULL POST

CNN Radio News Day: April 25, 2013
Smoke rises after shelling on al-Turkman mountains in the Latakia province, western Syria on April 25, 2013. The White House said that Syria had likely used chemical weapons against rebel forces on a 'small scale,' but emphasized US spy agencies were still not 100 percent sure of the assessment.
April 25th, 2013
04:42 PM ET

CNN Radio News Day: April 25, 2013

CNN Radio News Day is an evening news program providing an informative, thoughtful and creative look at the day's events. It's posted Monday through Friday at 4:30 pm ET.

You don’t have to be at this blog to listen, we want you to take us with you! Click the download button in the SoundCloud player and put us on your smart phone or tablet and bring us with you in the car, on the train or while you’re working out.

(CNN) – Welcome to CNN Radio News Day.

  • Are we about to see U.S. troops go into Syria? U.S. Defense Secretary Chuck Hagel backed up today what an Israeli military official said earlier in the week – that chemical weapons were being used inside Syria. If that's the case, has the so-called 'red line' now been crossed? And does that mean a new involvement for the U.S. inside the war-torn country? John Ullyot is a former Marine Corps intelligence officer who has spent time in Syria:

"The U.S. is really on the seat now to take action. Because if it doesn't take action, and indeed chemical weapons have been used, then it looses credibility with all sorts of important players in the region going forward." FULL POST

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