Live Nation Q1 Results

LIVE NATION REVENUE, LOSSES UP: Live Nation Entertainment lost $112 million, or 76 cents a share, for the three months ending March 31, compared to a pre-merger, year-ago loss of $102.7 million or $1.29 a share. Sales of the combined company, which includes Ticketmaster and the management firm Front Line Entertainment, were up 49% to $723 million, with concert attendance down 3% to 6.8 million, though spending per consumer jumped 2% to $59.71. Said CEO Michael Rapino: “We remain on track to drive a minimum of $40 million in merger synergies through the end of the year. And no, I can’t get you Lady Gaga tickets.” (5/11a)