A new report in the Wall Street Journal details the offer Apple is making to independent labels for its iTunes Radio service, one that is said to be nearly identical to the deal reached with the major labels. Under the terms of the agreement, Apple would pay a slightly more generous rate on songs streamed on the service than is currently paid by its main streaming competitor, Pandora. The latter company is actually seeking to cut the rate it pays for songs, claiming it cannot make a profit on its current 12 cents per 100 streams rate.
