Top iPad Music Apps (a/o May 23rd):
(
Live Nation is now considering going private, according to information shared by the New York Post. The move would offer the freshly-merged concert giant more breathing room as it restructures, and a break from the quarter-to-quarter pressures of Wall Street. Liberty Media, the largest Live Nation (LYV) shareholder, could help to finance the escape, with participation from private equity giant Thomas H. Lee Partners.
The chief dealmakers on this appear to be Live Nation Entertainment executive chairman Irving Azoff and
Liberty chairman John Malone, both of whom can pull serious strings. This currently looks more like a possibility than anything else, though certainly one that carries strategic advantages.
That includes a break from constant investor and Wall Street scrutiny. Currently, Live Nation is required to disclose a broad range of financial details, including those related to net losses, recurring debt, and executive compensation. Those are the rules, though frequent disclosures can disproportionately shift the focus towards near-term objectives and goals.
The move would also close the books on some wild executive compensation packages. According to SEC filings, Live Nation's finest are pulling down ransoms in the mega-millions, though that comes with a cost. The media has certainly taken notice, and top-level overcompensation oftentimes sends a red flag to investors and analysts.
Comments Closed
OUR SPONSORS
© 2011 All Rights Reserved
Follow Us