NEW YORK--(BUSINESS WIRE)--Goom Radio (www.goomradio.com), a newly founded New York-based online radio company, has secured approximately $16 million (12.2 million euros) in funding from Wellington ...

One of the reasons that Internet music streaming services Pandora, imeem and Last.fm have been able to build large audiences is because they are run by people who have a passion for music. Or should I ...

Spiralfrog Inc. croaked. Seeqpod Inc.found bankruptcy. Ruckus Network Inc. went out with a bang. Given this latest burst of news, it seems the song playing for free, advertising-supported digital ...

$16 million may not seem like much, but raising capital is not easy these days. Goom Radio was announced in March with former Clear Channel and dMarc execs heading the online radio venture. As of yet, ...

This story was written by David Kaplan. Battles between streaming-music sites and the labels over royalties have scared off some internet radio startups, but not all. One that is persevering is Goom ...