Snizzle, I'm not sure Pandora gets anything out of that, as I suspect they already do business with many of the same radio stations as RadioLoyalty. That would be an expensive way to take out a competitor. Way cheaper to hire some folks to short the company and make it difficult for STTK to find decent financing.
I'm not saying Pandora is doing that... I have no idea... but it wouldn't surprise me if I was told they were. I've seen way too many cutthroat business executives who were willing to walk a shady line, imo.