Barry Diller to Resign as Chairman of Live Nation; Other Diller-Related News

Sep 29, 2010  •  Post A Comment

Barry Diller is resigning as chairman of Live Nation. The news was first reported by Kim Masters at The Hollywood Reporter.

Live Nation "was created in January by the merger of Ticketmaster Entertainment, the world’s largest ticketing company, and Live Nation Inc., the biggest concert promoter and artist-management company," Bloomberg BusinessWeek reports.

The BusinessWeek article also notes that "Diller, 68, was chairman of Ticketmaster and became chairman of the merged company. Diller is also chairman and CEO of IAC/InterActiveCorp."

In other Diller-media news, the rumors are flying that the Diller bankrolled "The Daily Beast," with Tina Brown at the helm editorially, will somehow merge or combine forces with Newsweek. The latter found a financial angel recently in the person of Sidney Harman, the 92-year-old founder of harman/kardan hi-fi equipment.

According to the BusinessInsider, "Daily Beast editor Tina Brown continues to wave off rumors and speculation that she’s interested in becoming the editor of Newsweek. But the rumors and speculation are starting to look a lot less like rumors and speculation.

"Both Keith Kelly [of the New York Post]  and John Koblin [of the New York Observer] are reporting this morning that soon-to-be Newsweek owner Sidney Harman and Daily Beast bankroller Barry Diller of IAC are in "serious" talks to combine the two publications with Brown at the helm."

The BusinessInsider article continues, "A ‘NewsBeast,’ as insiders are calling it, would account for Brown’s rather vague batting down of suggestions that she might take over the Newsweek editorship. She’s made statements recently like ‘I’m not serious about the Newsweek thing’ while asserting that ‘I’m serious about The Daily Beast. I’m committed to my Daily Beast.’ In other words, she’s been choosing her words carefully in case the merger scenario plays out."


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