Apple reportedly closing in on deal with record labels for 'iRadio' service, could sign within a week
A report on Thursday claims Apple is close to making a deal with two major record companies to stream their respective tracks on a purported "iRadio" music streamer, with the arrangement said to be more lucrative for the labels than existing rates paid out by Pandora.
http://feeds.appleinsider.com/click.phdo?i=96fb31dec0894eeec7aff0f9f5b855c5
