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Damage Control: Pandora CFO Downplays 'iRadio' Reports

Pandora Media's stock continued its freefall Tuesday following reports that Apple is planning to launch a rival music streaming service.

But the Los Angeles Times reports that Pandora's chief financial officer, Mike Herring, said he isn't worried about Apple's new service, known as iRadio. Here's why...

Pandora CFO Downplays Apple 'iRadio' Rumblings

(Read More: Pandora Shares Fall on Apple Reports)