TS5181 iTunes radio - Bit Rate and recording

There is an ongoing comparision to Pandora however, I suggest that Pandora offers a better value by far:
1. iTunes Radio does not state bit-rate
2. Pandora One is 192kb for $40/yr, with no adds; free Pandora is 64kb and has adds
3. PandoraJam permits recording to Mac, $15 one-time cost, 192kb unlimited downoads
4. iTunes Match, at $25/yr, permits saving current and paid misic to iCloud plus no adds, but STILL charges $1.29/song.
NOTE: I am pro Apple and nearly all my IT devices are Apple however; this is a difficult business case.
Can anyone tell me why iTunes Radio would be a better deal?

I'm curious as well what the bit rate is for iTunes Radio and am suprised Apple hasn't published it. 
Forbes.com is doing a followup story soon which will compare iTunes Radio, Spotify and Pandora that you may want to check out. 
http://www.forbes.com/sites/amadoudiallo/2013/09/18/apple-releases-itunes-radio- a-pandora-alternative/
Amadou Diallo, Contributor 1 day ago
Apple has a history of withholding geek-oriented specs on consumer-oriented products. By their silence I think we can assume that it’s not higher than what Pandora’s max setting offers. And it certainly wouldn’t make sense for the rate to be greater than the 256 kbps of iTunes purchases.
There’s also the possibility that Apple is offering adaptive rates depending on whether a user is connected over WiFi or cellular.
I’m working on a story comparing aspects of iTunes Radio, Pandora and Spotify (stay tuned) and I’ll report on whether there’s an audible difference between them.
Also found a post on Macrumors by someone who did their own "test" yesterday who is suggesting that it is 256 kbps similar to what you get for iTunes purchases. 
http://forums.macrumors.com/showthread.php?t=1639713
Money and "value" aside, I've been listening to iTunes Radio for a day now on my Denon AVR and B &W surround sound system via airplay streaming to my AppleTV and it sounds as good as Pandora One -- and I think the playlist alogorithim is superior to Pandora as I'm hearing a bunch more variety and music I like on a station I created similar to one I have on Pandora.

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