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Ticketmaster, Live Nation Merger Approved by Feds
The world's biggest concert promoter and ticketing service are now okayed to be one giant-ass company. The deal was approved today, despite opposition over such a game-changing move, by the Department of Justice. One of opponents was Anschutz Entertainment Group (AEG), which owns L.A. Live. The rumor is that Live Nation agreed to sell some of its venues to AEG in exchange for them dropping their arguments of the merger.
One year ago, Congress voted to defund public media, eliminating a critical $1.7 million from our budget every year going forward. But they couldn’t silence us, and we’re not going anywhere. LAist is now 100% community funded and that means we’re taking our future into our own hands and turning to you to keep local reporting strong.
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You come to LAist because you want independent reporting and trustworthy local information. Our nonprofit newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our communities. We are free to follow facts wherever they lead and to hold power to account without fear or favor. Our only loyalty is to our readers and listeners and our mission: to inform, engage, and strengthen Southern California’s communities.
If this story helped you, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
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