City of Miami Beach Enters Into Negotiations With Live Nation on Historic Jackie Gleason Theater

10/23/2006

Deal Expands Live Nation's North American Mid-Size Music Venue Portfolio

LOS ANGELES, Oct. 23 /PRNewswire-FirstCall/ -- Live Nation (NYSE: LYV), a leading live event and venue management company, announced today that it has won an initial bidding proposal to operate Miami Beach's historic Jackie Gleason Theater. The Jackie Gleason deal will give the company an important 2,700 seat live music venue in the key south Florida market. It is expected that the Jackie Gleason will draw a wide variety of the hottest contemporary acts in music from a variety of genres.

"The City of Miami Beach welcomes Live Nation to our community and looks forward to having them become a leading contributor to the world class range of cultural and entertainment offerings," said City Manager Jorge Gonzalez.

"The people of Miami Beach and visiting music fans from all over the world will now be able to see world class talent in a beautifully restored music venue," said Live Nation President and Chief Executive Officer of Global Venues and Alliances, Bruce Eskowitz. "We are thrilled to have been awarded this opportunity by the City of Miami Beach and are eager to sit down with them as soon as possible to finalize the details of the contract."

Live Nation currently has a number of renowned mid-size music venues in its portfolio including The Wiltern Theatre in Los Angeles, The Fillmore in San Francisco, The Tabernacle in Atlanta and London's Apollo Theatre all of which draw acts as varied as Beck, India.Arie, Enrique Iglesias, Los Lobos, James Taylor, Hawthorne Heights, John Legend and many others.

About Live Nation

Live Nation is a leading live event and venue management company focused on creating superior experiences for artists, performers, corporations and fans. Live Nation owns, operates and/or has booking rights for more than 150 venues worldwide and produced more than 29,500 events in 2005. Headquartered in Los Angeles, California, Live Nation is listed on the New York Stock Exchange, trading under the symbol "LYV." For more information regarding Live Nation and its businesses, please visit the company's website at www.livenation.com

SOURCE Live Nation
10/23/2006

CONTACT: John Vlautin of Live Nation, +1-310-867-7127,
johnvlautin@livenation.com
Web site: http://www.livenation.com
(LYV)

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