NEW YORK (TheStreet) -- Pandora Media (P) stock is down by 2.94% to $9.23 in late-morning trading on Thursday, as the Internet radio company weighs the sale of KXMZ-FM, the South Dakota radio station it purchased last year to receive lower music royalty rates, Bloomberg reports. 

Pandora is considering whether to remain a broadcaster, and has asked the FTCto delay a shareholder vote on organizational changes tied to becoming a broadcaster.

Pandora is working with Morgan Stanley (MS) to evaluate strategic options, sources told Bloomberg.

Shares were down by about 43% during the past year, as Pandora struggles to compete with rivals such as Spotify and Apple (AAPL).

Separately, TheStreet Ratings team rates the stock as a "sell" with a ratings score of D.

Pandora's weaknesses include its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

You can view the full analysis from the report here: P

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.

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