Live Nation Sells SFX Sports Group, Europe

11/13/2006

LOS ANGELES, Nov. 13 /PRNewswire-FirstCall/ -- Live Nation (NYSE: LYV), the world's leading live entertainment company, announced today that it has sold its SFX Sports Group, Europe to Wasserman Media Group. The deal closed on Thursday, November 9.

"The sale of this division is consistent with our strategy of divesting our sports properties in order to focus on our core businesses," said Michael Rapino, Live Nation's Chief Executive Officer.

Earlier this summer Live Nation announced that it sold several of its other sports related businesses, including SFX Television and SFX Events, as well as its Baseball, Tennis, Golf and Football divisions.

About Live Nation

Live Nation is the world's leading live entertainment company, annually connecting more than 67 million fans with their favorite performers at over 33,000 events. We are the largest producer of live concerts in the world, the second-largest venue management company and have a rapidly growing online presence. Live Nation creates superior experiences for artists and fans, regularly producing tours for the biggest superstars in the business, including The Rolling Stones, Madonna, U2 and Coldplay. Globally, we own, operate and/or have booking rights for more than 170 venues, including the House of Blues-branded music venues and prestigious locations such as San Francisco's Fillmore Auditorium, Nikon at Jones Beach in New York and London's Apollo Theatre and Wembley Arena. Live Nation's websites collectively are the second most popular entertainment event websites in the United States, according to Nielsen//NetRatings. Headquartered in Los Angeles, California, Live Nation is listed on the New York Stock Exchange, trading under the symbol "LYV." For more information regarding concerts near you, Live Nation and its businesses, please visit our website at www.livenation.com.

SOURCE  Live Nation
    -0-                             11/13/2006
    /CONTACT:  John Vlautin of Live Nation, +1-310-867-7127,
johnvlautin@livenation.com/
    /Web site:  http://www.livenation.com /
    (LYV)

CO:  Live Nation; SFX Sports Group
ST:  California
IN:  ENT MUS SPT
SU:  TNM

LP
-- LAM065 --
9561 11/13/2006 07:30 EST http://www.prnewswire.com
logo