Apple is rumored to launch its Internet radio service in early 2013, according to a report on Bloomberg. Bloomberg’s Olga Kharif and Andy Fixmer are reporting that Apple has been in talks with multiple partners to ‘take on’ Pandora. Shares of Pandora tanked on the news, of course. Bloomberg is reporting that Apple and ‘major music labels’, including Universal Music Group, Warner Music Group and Sony Corp’s music division have had beetings in recent weeks to learn about Apple’s plans. Those plans include listeners being ”able to buy tracks as music streams or revisit what they’ve heard in auto-generated playlists.” Read the full story at The Next Web.