Media Mogul Diller Resigns From Live Nation Board

LOS ANGELES (AP) — Billionaire media mogul Barry Diller has resigned from the board of concert promoter Live Nation, capping a battle with another media tycoon, John Malone.

Diller’s resignation was effective Monday, Live Nation Entertainment Inc. said in a securities filing Friday.

The 68-year-old, who owned less than 1.5 percent of the shares in the company, said in September that he would step down as board chairman after other directors, including Malone, chafed at his efforts to control the company despite his small stake.

Malone’s Liberty Media Corp. holds the biggest stake at about 18.4 percent. Malone replaced Diller as chair in October.

Diller sold his Live Nation shares the following month.

On Wednesday, Live Nation cut its profit forecast because of a charge to settle a class-action lawsuit against its Ticketmaster division.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

One Comment

  1. Diamondman says:

    ЗАВЕРШАЕТ СВОЮ РАБОТУ ЮВЕЛИРНЫЙ МАГАЗИН MONROE GEMS CH !!!

    Объвляется последняя распродажа всей коллекции драгоценностей по финальным прайсам .

    ИМЕННО ДЛЯ ВАС ДОПОЛНИТЕЛЬНЫЕ СКИДКИ !!!

    Доставка в любой город или страну бесплатно.

  2. Dimyanshan says:

    привет

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Los Angeles

KNX 1070 Newsradio
Play.It

Listen Live