By selling off its motor sports division for $175 million and $30 million performance-based rvenue. This sale brings to a close a sell-off that has narrowed the focus of LIVE NATION on its music businesses. The sales have generated $465 million.
http://www.marketwatch.com/news/story/live-nation-completes-sale-motor/story.aspx?guid=%7B83203E6F-4FA7-4031-858A-DB31230D74CC%7D&dist=hppr
As the blurb in this WSJ website says:
Live Nation is the future of the music business. With the most live concerts, music venues and festivals in the world and the most comprehensive concert search engine on the web, Live Nation is revolutionizing the music industry: onstage and online. Headquartered in Los Angeles, California, Live Nation is listed on the New York Stock Exchange, trading under the symbol "LYV." Additional information about the company can be found at http://www.livenation.com under the "About Us" section.
(Some have called it the Evil Empire -- you've gotta admire the storm trooper language.)
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