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Ticketmaster Scare Sends Live Nation Stock 21% Up

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West Hollywood based Ticketmaster's heart skipped a few beats yesterday when Cablevision, who runs Madison Square Garden among many other venues, hinted towards leaving Ticketmaster and signing up with Live Nation to do their ticketing. News of that sent Live Nation's stock from $2.82, to $16.82. But after the freakout, Cablevision announced later in the day that they would stick with Ticketmaster, who closed 3% higher at $13.09 but is still down 30% after last week's announcement that SMG, the ticket provider's second largest client, signed up with Live Nation.