EARNINGS ROUNDUP / LIVE NATION
Times Wire Reports
Live Nation Inc., the concert promoter that plans to merge with Ticketmaster Entertainment Inc., reported a wider fourth-quarter loss Monday after writing down the value of some assets because of a drop in its stock.
The company’s net loss was $337.5 million, or $4.33 a share, compared with a loss of $18.4 million, or 25 cents, a year earlier, Live Nation of Beverly Hills said. Sales declined less than 1% to $916 million.
Live Nation shares fell 34 cents to $3.17. The stock has declined 73% in the last year.