The document discusses the decline of traditional radio and rise of internet radio services like Pandora and Last.fm. It notes that a 1996 law deregulated radio station ownership, allowing fewer songs to be played more often, while internet services provide more music discovery options for free in an easy-to-use format. While Pandora is based on individual opinion and may not be as accurate, Last.fm has more users and introduces listeners to more new music but suffers from a lack of critical mass. Overall, the document analyzes the tradeoffs between Pandora and Last.fm as alternatives to traditional radio.
