Sunday, March 4, 2012

Live Nation 1Q losses grow, may sell TicketsNow

Losses at Live Nation Entertainment grew in the first quarter as concert attendance slipped 3 percent and the company booked costs related to its recent merger with Ticketmaster.

The company also said Monday it was considering "strategic options" for its controversial ticket resale site, TicketsNow. The site got into hot water after it sold marked-up tickets to Bruce Springsteen fans last year, despite regular face value tickets still being available.

Aside from a refund it agreed to with federal regulators, the company was pushed by New Jersey authorities to cut links between TicketsNow and the main Ticketmaster site, causing business to …

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