Wednesday, September 29, 2010

Live Nation Chairman Barry Diller Resigns

As the Hollywood Reporter first reported (via the Journal), Barry Diller, chairman of Live Nation, has stepped down. The concert giant, which merged with Ticketmaster last year, weathered a tough summer concert season, and saw its shares of its stock drop 40 percent from before the merger, according to the Times. There were also reports of friction within the board, although Diller said that he had planned to step down after the merger was complete. (He'll remain on the board.)

In perhaps a sign of the times, Irving Azoff, executive chairman of Live Nation, tweeted about the departure (although he used more than 140 characters), bashing the press and commending Diller.

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