Live Nation Posts $338M Q4 Loss

Live Nation, the concert promoter planning to merge with Ticketmaster Entertainment, posted a loss of $338 million in the fourth quarter, driven by large impairment charges.

The loss of $4.33 per share was larger than the loss of 25 cents per share in the same quarter a year earlier.

Goodwill impairment charges amounted to a write-down of $270 million, and were in part caused by the company’s falling share price.

Revenue fell 0.7 percent to $916 million.