The New York Times is reporting that the free version of Pandora on mobile devices will now have access only to 40 hours of free music per month.

The long-term plan is to morph Myspace into a Pandora/Spotify competitor.

From the Article

The pitch deck outlines how Specific Media, now known as Interactive Media Holding, thinks it can turn Myspace around by morphing it into a Spotify and Pandora competitor. It’s betting it can win because of the Myspace brand association with music and the fact that 50% of its streaming plays today come from unassigned artists it won’t have to pay royalties to. It would have to win big because Myspace is hemorrhaging money. News Corp took a nasty hit buying Myspace for $580 million in 2005 when it was still growing fast. But Myspace’s core tech was rotten, and its lack of the real-world social...

The Internet Radio Fairness Act is a proposed bill that would cut royalties for musicians made from internet radio sites like Pandora or Spotify by "85%," according to sources. This is an interesting, developing, story ... and one to keep an eye on.

Submitted by Uncalled Four

You can now stream the Dave Matthews Band's new album, Big Whiskey and the Groogrux King here.

Submitted by Mochem