NEW YORK (Hypebot) — CBS paid a whopping $270 million for Last.fm in 2007. Since then, the media giant has failed to monetize the music service and seen competitors ranging from Pandora to Spotify grab the spotlight. For months, rumors have pointed to growing disillusionment within CBS. Now come the first signs of change, according to the official statement, "in response to various factors that affect our business differently in parts of the world". Key changes as of January 15, 2013 include:
Expect more change ahead for Last.fm.