-- Three new investors have backed Spotify at a valuation of $250 million, according to paidContent. One of the investors is Li Ka-Shing, a Hong Kong-based investor that backed Facebook in 2007, according to reported TechCrunch. In addition, Spotify has already received investments by the four major music group. The earliest one of those, it wrote, valued the company at €100 million. (paidContent and TechCrunch)

-- Seattle’s Tractor Tavern turns 15 this month. (Ballard News-Tribune)

-- Q2 2009 revenues for radio company Entercom Communications were down 18% versus the prior year. Operating income dropped 30% and free cash flow sank 32%. The company pointed to the slow economy as a continuing challenge but noted some improvements, notably automotive advertising. (Radio Ink)

-- In an assessment of Imeem one year after it compared the music service’s growth to that of YouTube, ReadWriteWeb says last year’s hype “just hasn’t panned out.” Unique visitors have dropped 10.5%, according to Compete, the company laid off staffers in October and the site is targeting a young, mainstream audience. (ReadWriteWeb)