Live Nation Sells SFX Baseball Division

09/15/2006

LOS ANGELES, Sept. 15 /PRNewswire-FirstCall/ -- Live Nation (NYSE: LYV), a leading live event and venue management company, announced today that it has sold its SFX Baseball division to the newly-formed private company, NBK Baseball Group, LLC. The new company is expected to continue to operate under the name SFX Baseball Group and to retain all of its current agents and support staff.

"With the sale of SFX Baseball, our strategy to divest our sports properties is nearly complete," said Live Nation President and Chief Executive Officer Michael Rapino. "The sale of these assets will enable us to continue to refine our focus on our core businesses."

"This is an exciting day for the SFX Baseball Group," said Patrick Rooney, Managing Partner. "We look forward to returning to our roots as a baseball-only representation firm, and we want to thank Live Nation for all the support it has provided us over the past several years." SFX Baseball currently anticipates no significant changes to its business model and plans to operate in essentially the same manner it has for the past 20 plus years.

As was previously announced this summer, Live Nation sold its SFX Television, SFX Events and SFX Tennis divisions to the Kentucky-based company Blue Equity, LLC. Its Golf and Football divisions were previously sold to their respective division principals, Golf's John Mascatello and Football's Jim Steiner and Ben Dogra.

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 153 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.

About SFX Baseball Group

The SFX Baseball Group will maintain its home office at 666 Dundee Road #704, Northbrook, Illinois 60062. Additionally, SFX Baseball has a second office in Weston, Florida.

Home Office Phone 847-291-0603, Fax 847-291-1812.

Media contact: Jeff Feinstein x 115.

SOURCE Live Nation
09/15/2006

CONTACT: John Vlautin of Live Nation, +1-310-867-7127,
johnvlautin@livenation.com; or Jeff Feinstein of SFX Baseball Group,
+1-847-291-0603, Ext. 115, or Fax, +1-847-291-1812
/Web site: http://www.livenation.com
(LYV)

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