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Clear Channel Entertainment Spin-off

D

DrewNelson

Guest
I just got this e-mail from my one my biggest of bosses:

Good afternoon,

I am pleased to announce that we have completed a significant step in our previously announced strategic realignment plan. Earlier today, Clear Channel Entertainment was spun-off from Clear Channel Communications and re-named Live Nation. As of today, Live Nation is now a completely separate company from Clear Channel, with a new board of directors and an independent management team. Tomorrow morning, Live Nation begins trading on the New York Stock Exchange under the symbol "LYV".

This is a new day for Live Nation. As an independent public company they will have enhanced flexibility to pursue their exciting growth initiatives. I would like to personally thank all the great employees of Clear Channel Entertainment-- now Live Nation -- for their contributions to our company over the past five years. Please join in me in wishing them all the best.

Sincerely,
Mark (Mays)

For about two minutes, I thought my e-mail address was going to have to change, but then I realized that Clear Channel Entertainment is the concert promotion side of the business. I still work for Clear Channel Broadcasting.
 
I'm glad Clear Channel finally got rid of this whole expensive ill-advised acquisition. However, I hate the name "Live Nation". Being the cynical S.O.B. that I am, my first thought is that they chose the name because they thought LYV would be a cool stock symbol.

> I just got this e-mail from my one my biggest of bosses:
>
> Good afternoon,
>
> I am pleased to announce that we have completed a
> significant step in our previously announced strategic
> realignment plan. Earlier today, Clear Channel
> Entertainment was spun-off from Clear Channel Communications
> and re-named Live Nation. As of today, Live Nation is now a
> completely separate company from Clear Channel, with a new
> board of directors and an independent management team.
> Tomorrow morning, Live Nation begins trading on the New York
> Stock Exchange under the symbol "LYV".
>
> This is a new day for Live Nation. As an independent public
> company they will have enhanced flexibility to pursue their
> exciting growth initiatives. I would like to personally
> thank all the great employees of Clear Channel
> Entertainment-- now Live Nation -- for their contributions
> to our company over the past five years. Please join in me
> in wishing them all the best.
>
> Sincerely,
> Mark (Mays)
>
> For about two minutes, I thought my e-mail address was going
> to have to change, but then I realized that Clear Channel
> Entertainment is the concert promotion side of the business.
> I still work for Clear Channel Broadcasting.
> <P ID="signature">______________
"Nothing is more intolerable than to have to admit to yourself your own errors"
- Ludwig van Beethoven

<a href="http://saltydog.5gigs.com">
The Salty Dog</a>
</P>
 
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