Live Nation’s loss shrinks in quarter

From Times Wire Services

Live Nation Inc., the largest U.S. concert promoter, posted a narrower first-quarter loss as concert revenue increased.

The net loss of $35.4 million, or 47 cents a share, compares with a loss of $45 million, or 69 cents, a year earlier, Beverly Hills-based Live Nation said. Sales rose 22% to $636.5 million.

Live Nation shares rose 11 cents to $14.11.