Slumping concert attendance and ticket sales pushed Live Nation Entertainment, a concert promoter that also owns Ticketmaster, into a fourth-quarter loss from a slight profit a year ago. The quarterly loss also exceeds the company's combined losses from the first nine months of 2010.
Fredric Rosen, who led Ticketmaster for 15 years, is poised to go head-to-head against his old company as CEO of Outbox Enterprises, a company that flips Ticketmaster's centralized middleman model of ticket sales on its head.
Barry Diller announced his impending resignation as Live Nation chairman Tuesday, perhaps putting an end to his tussle with the rest of its board for control of the struggling concert promoter and talent agency nearly a year after its merger with Diller's Ticketmaster.
