Yahoo!'s streaming radio service picked up a welcome lifeline via a new partnership with CBS
The deal is a great move for Yahoo!, simplifying its service through outsourcing without killing the brand, as the company seemed poised to do. Higher royalty fees threatened the existence of Web radio providers like Yahoo! LAUNCHcast last year. Yahoo! also handed off its music subscription service to Rhapsody parent RealNetworks
However, this clearly is not the time to pull the plug on Internet radio. Apple
Naturally, Yahoo!'s move is also great for CBS. Remember when Google
Yahoo! will stream on, while old media learns more new media tricks. Turn up the boombox, so we can get to the next round of musical chairs.
Longtime Fool contributor Rick Munarriz has been a music fan since birth. His band was once signed to Sony's Columbia Records label many moons ago. He does not own shares in any of the companies in this story. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.