Originally posted by dfmcpete:
Can someone clarify for me the relationship between clearchannel/livenation venues/radio stations, etc.?
It's not always clear, but the best way to explain it is that Clear Channel used own a concerts division, but spun it off over fears that they were going to face suits from the US government, mostly based on anti-trust grounds, but there were others.
So the concert division became Live Nation, an "indepent company" owned and publicly traded company. However, it's not very independent as their are many crossovers of board members and executives (mostly by familial relationship) between the two companies.
Clear Channel kept the media market, owning billboards, TV and radio stations. They are currently in the process of becoming a privately owned company (interestingly enough, one of the purchasers is Mitt Romney).
