I’m a little late to the party on this one, but it appears that a deal is all but done between terrestial radio heavy-hitter Clear Channel and the current online king of personalized music streaming, Pandora.

What does this means for the future of online radio? Not much in the short run, but if there’s one thing that music licensing companies DO seem to respect — it’s a corporate powerhouse like Clear Channel. Perhaps not co-incidentally, the issue of online music licensing is back in the Senate.