Like the saying where one can't see the forest through the trees, the record execs cannot see the OBSCENELY HUGE profits through their greed. They have a fixed idea stuck in their head, kind of like an autistic child who also has OCD, and cannot grasp the potential of making a couple of small changes and conceding a couple of points.
P2P results in a net gain of market share because it provides for free advertising.
Pandora results in a net gain of market share because it provides for almost-free advertising, but the advertising becomes a surgical strike, and you know with absolute certainty what your potential customers' musical interests are. If nothing else, at least you are creating "buzz" and ever-expanding the potential customer base.
Or, you assholes at Time Warner, etc. can continue down the path you're heading, and a lot of us will just say "no" to listening to pop radio, continue to not buy CDs, and continue to not participate in P2P networks (because redistributing your product helps promote its popularity).
So, go ahead and yank your content from Pandora. You've been suicidal for a while, so why not shutter the doors now while you're at it? Someone else will take your place on Pandora and earn the revenue that can come of it.