Pandora One hikes subscription price, nixes annual option

[Pandora] announced Tuesday that because of rising royalty rates it pays to musicians, it's having to up its monthly fee for the first time since Pandora One debuted in 2009. Starting in May, new members will have to pay $4.99 per month rather than the current rate of $3.99 per month. - Dara Kerr, CNET

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