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live nation

Monday Business Links: Nicoli Returns To Music

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• Eric Nicoli, the former CEO of EMI Music, will assume an advisory role at music marketing, management and publishing firm Nick Stewart & Associates. The firm counts as its clients The Eagels, Don Henley, Vangelis and Neil Diamond.

Live Nation's Promise Won't Make Headlines

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Live Nation's stock rose 28% a few weeks ago after the company reported razor-thin profits that actually beat market expectations. That jump increased the company's market cap by $262.5 million. In the days after, the stock rose as much as 8.2% (it has since dropped a bit). Why?

Friday Business Links: Ticketmaster Goes Solo, Shares Up

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• Ticketmaster has broke away from IAC and is now a standalone company. The company's stock rose 13% on its first day of trading yesterday. The company will lose its largest client, Live Nation, at the beginning of 2009. (Wall Street Journal)

Thursday Business Links: Trans World Posts $19.2 Million Loss, Apple Rumors are Still Just Rumors

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• Trans World posted a $19.2 million loss in the second quarter ended August 2. The retail company's attempts to increase non-music sales to hold off music declines are not yet bearing fruit. Comp sales fell 7% and total sales (the company operated 173 fewer stores) dropped 19%. (The Business Review)

Live Nation Margins Slim But Better Than Expected

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On Friday, Live Nation reported paper thin profits margins in Q2 2008, but they were better than expected. Analysts expected Live Nation to report a loss of 15 cents per share on revenues of $1.1 billion. Instead, the company reported positive earnings of 2 cents per share on revenues of $1.16 billion.

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