Battered by slow revenue growth and the popularity of social networking Web sites Yahoo Inc. is poised to lay off hundreds of workers according to published reports. Yahoo hopes to launch the service this year they said. s market leading iPod media players Microsoft Corp. s Zune and mobile phones that play music. Carrie Davis a spokeswoman for Sunnyvale Calif. Yahoo offers free streaming audio music videos Web radio. It also operates a music subscription service and a premium Internet radio service. Yahoo also expanded it online music pages by adding song lyrics. Sony BMG is a joint venture of Sony Corp. Yahoo shares rose cents to close at . This material may not be published broadcast rewritten or redistributed. Message optional Disclaimer Boston.
Source: http://www.boston.com/business/technology/articles/2008/01/24/yahoo_eyeing_online_music_service
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