The music streaming company announced Monday a $150 million investment by private equity firm KKR. On an earnings call with investors, board member James M. P. Feuille said the company is positioned to evaluate any potential strategic alternatives, "including a sale," in the 30 days before the financing is set to close.

Why it matters: While revenue was up 6% year over year, and subscribers up 20%, the company barely gained in advertising, its net loss grew. Most of its earnings come from its ticket vendor business, TICKETFLY. Investors are hopeful that Pandora's premium subscription model will help create a new revenue stream.

Country music could save Pandora: Per Marketwatch, 56 million of Pandora's 81 million active users subscribe to its "Today's Country" station. Country songs accounted for roughly 6% of the total streams on paid streaming services over the past two years.

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Updated 2 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

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  3. States: New York City health commissioner resigns in protest of De Blasio's coronavirus response — New York ER doctor on pandemic advice: "We know what works"
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  5. Politics: Republicans push to expand small business loan program Trump tells "Axios on HBO" that pandemic is "under control," despite surges in infections.
  6. Sports: Indy 500 to be held without fansRafael Nadal opts out of U.S. Open.
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At least 25 killed, 3,000 injured after massive explosion rocks Beirut

Photo: Anwar Amro/AFP via Getty Images

A major explosion has slammed central Beirut, Lebanon, damaging buildings as far as several miles away and injuring scores of people.

Driving the news: The cause of the explosion is unknown. Lebanon's health minister said in televised remarks that more than 30 people have been killed and over 3,000 injured.

Updated 2 hours ago - Science

The U.S. is at risk of attacks in space

Illustration: Annelise Capossela/Axios

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Why it matters: From GPS to imagery satellites and others that can peer through clouds, space data is integral to American national security.