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LIVE NATION TAKES OVER CLEAR CHANNEL'S CONCERTS
[THIRD Edition]
| Publication : | Boston Globe- Boston, Mass. |
| Author : | Geoff Edgers, Globe Staff |
| Date : | Jan 25, 2006 |
| Abstract (Document Summary) |
| For local concertgoers, this is the second time in two years that the region's main concert promoter has changed or altered its name. Not long ago in the local market, Clear Channel readopted Law's Tea Party Concerts moniker, the name of the booking company he started in 1970. That name still exists on the company's local concert website, though Law's office is now known as Live Nation. Law said no final decision has been made on whether to keep the Tea Party name in some capacity. Clear Channel Communications was founded in 1972 and went public in 1984. Over the next two decades, it purchased hundreds of radio and television stations. But Clear Channel made its biggest splash in 1997, when it bought two billboard companies, making it the largest outdoor advertiser in the country. That, and its more than 1,200 radio stations, now form the core of Clear Channel Communications. The decision to spin off the entertainment side made sense, according to analysts, because that portion of the company has generally been the most volatile and least profitable. It was only in 2000 that Clear Channel acquired SFX Entertainment, Inc., one of the world's largest concert promoters. Patrick B. Moscaritolo, president and CEO of the Greater Boston Convention & Visitors Bureau, found himself wondering about the company's status during a meeting just last week. Moscaritolo and Dusty Rhodes, owner of the Conventures public relations company, were discussing how to hold events at the Bank of America Pavilion. hide... | | For local concertgoers, this is the second time in two years that the region's main concert promoter has changed or altered its name. Not long ago in the local market, Clear Channel readopted Law's Tea Party Concerts moniker, the name of the booking company he started in 1970. more... |
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