Rapino Inks Sweetened LN Deal

It looks like Live Nation President/CEO Michael Rapino can keep his job for a while.

The company announced in a public filing October 3rd that he’s inked an amended contract agreement that keeps him in the prexy position and on Live Nation’s board of directors through at least December 31, 2009.

The contract will extend automatically for successive one-year terms until either he or Live Nation gives 12 months notice ending the deal, and includes several incentive enhancements and performance bonuses.

Since taking the helm at Live Nation with the company’s spinoff from Clear Channel Communications, Rapino has overseen a streamlining of core businesses and a more than doubling of the company’s share price, and increased the company’s presence in the club / theatre business.