Exhibit 99.1
CCE SPINCO, INC. ANNOUNCES FORMAL NAME CHANGE
TO LIVE NATION, INC.
Los Angeles—January 9, 2006—CCE Spinco, Inc. (NYSE: LYV) today announced that it has formally
changed its name to Live Nation, Inc. by means of a parent/subsidiary merger with its wholly-owned
subsidiary, Live Nation, Inc. Pursuant to a resolution approved by the board of directors, CCE
Spinco, Inc. has filed a certificate of ownership and merger with the office of the Secretary of
State of the State of Delaware to complete the merger of Live Nation, Inc. with and into CCE
Spinco, Inc. and to change its name.
About Live Nation, Inc.
Live Nation is one of the world’s largest diversified promoters and producers of, and venue
operators for, live entertainment events. Its business activities include the promotion and
production of music concerts, theatrical performances, specialized motor sports and other events.
Investor inquires should be directed to:
John Buckley — buckley@braincomm.com
Jonathan Lesko — lesko@braincomm.com
Brainerd Communicators
212-986-6667
Certain statements in this release constitute “forward-looking statements” within the meaning of
the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known
and unknown risks, uncertainties and other factors which may cause the actual results, performance
or achievements of the Company to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements.