Live Nation and Ticketmaster Entertainment Receive Second Request From the U.S. Department of Justice Regarding Proposed Merger

LOS ANGELES and WEST HOLLYWOOD, Calif., March 20, 2009 (GLOBE NEWSWIRE) -- Live
Nation (NYSE:LYV) and Ticketmaster Entertainment (Nasdaq:TKTM) today announced
that they have each received an expected Request for Additional Information
from the United States Department of Justice (DOJ) regarding their proposed
merger. This action, often referred to as a "second request," is pursuant to
the Hart-Scott-Rodino Antitrust Improvements Act. 

On February 10, 2009, Live Nation and Ticketmaster Entertainment announced
their proposed merger. This request for additional information from the DOJ is
a standard part of the full regulatory process. Live Nation and Ticketmaster
Entertainment are in the process of gathering information to respond to the
second request, and are working cooperatively with the DOJ as it reviews the
merger. 

Both companies expect the merger to close before the year's end. The
transaction is subject to certain regulatory, shareholder and third-party
approvals. 

ABOUT LIVE NATION

Live Nation's mission is to maximize the live concert experience. Our core
business is producing, marketing and selling live concerts for artists via our
global concert pipe. Live Nation is the largest producer of live concerts in
the world, annually producing over 22,000 concerts for 1,600 artists in 33
countries. During 2008, the company sold over 50 million concert tickets and
drove over 70 million unique visitors to LiveNation.com. Live Nation is
transforming the concert business by expanding its concert platform into
ticketing and building the industry's first artist-to-fan vertically integrated
concert platform. The company is headquartered in Los Angeles, California and
is listed on the New York Stock Exchange, trading under the symbol LYV. For
additional information about the company, please visit
www.livenation.com/investors. 

About Ticketmaster Entertainment

Ticketmaster Entertainment consists of Ticketmaster and Front Line Management
Group. As the world's leading live entertainment ticketing and marketing
company, Ticketmaster connects the world to live entertainment. Ticketmaster
operates in 20 global markets, providing ticket sales, ticket resale services,
marketing and distribution through www.ticketmaster.com, one of the largest
e-commerce sites on the Internet; approximately 7,100 retail outlets; and 17
worldwide call centers. Established in 1976, Ticketmaster serves more than
10,000 clients worldwide across multiple event categories, providing exclusive
ticketing services for leading arenas, stadiums, professional sports franchises
and leagues, college sports teams, performing arts venues, museums and
theaters. In 2008, the Company sold more than 141 million tickets valued at
over $8.9 billion on behalf of its clients. Ticketmaster Entertainment acquired
a controlling interest in Front Line in October 2008. Founded by Irving Azoff
and Howard Kaufman in 2004, Front Line is the world's leading artist management
company. Ticketmaster Entertainment, Inc. is headquartered in West Hollywood,
California (Nasdaq:TKTM) (http://www.ticketmaster.com/). 

The Live Nation / Ticketmaster Entertainment logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6011 

Forward-Looking Statements

Certain statements in this press release may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements include, but are not limited to,
statements regarding the anticipated timing of the closing of the proposed
merger between Live Nation and Ticketmaster Entertainment. 

We wish to caution you that there are some known and unknown factors that could
cause actual results to differ materially from any future results, performance
or achievements expressed or implied by such forward-looking statements,
including but not limited to risks that the closing of the merger may be
delayed or may not occur at all. 

We refer you to the documents that Live Nation and Ticketmaster Entertainment
file from time to time with the SEC, specifically the section titled "Risk
Factors" of Live Nation's most recent Annual Report filed on Form 10-K and
Quarterly Reports on Form 10-Q and Ticketmaster Entertainment's Form 10 and
most recent Quarterly Report on Form 10-Q, which contain and identify other
important factors that could cause actual results to differ materially from
those contained in our projections or forward-looking statements. You are
cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date of this press release. All subsequent written
and oral forward-looking statements by or concerning Live Nation or
Ticketmaster Entertainment are expressly qualified in their entirety by the
cautionary statements above. Live Nation and Ticketmaster Entertainment do not
undertake any obligation to publicly update or revise any forward-looking
statements because of new information, future events or otherwise. 

In connection with the proposed transaction, Ticketmaster Entertainment and
Live Nation intend to file relevant materials with the SEC, including a joint
proxy statement/prospectus. INVESTORS ARE URGED TO READ THESE MATERIALS WHEN
THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT
TICKETMASTER ENTERTAINMENT, LIVE NATION AND THE TRANSACTION. The joint proxy
statement/prospectus and other relevant materials (when they become available)
and any other documents filed by Ticketmaster Entertainment or Live Nation with
the SEC may be obtained free of charge at the SEC's website at
http://www.sec.gov. In addition, investors may obtain free copies of the
documents filed with the SEC (i) by contacting Live Nation's Investor Relations
at (310) 867-7000 or by accessing Live Nation's investor relations website at
www.livenation.com/investors; or (ii) by contacting Ticketmaster
Entertainment's Investor Relations at (310) 360-2354 or by accessing
Ticketmaster Entertainment's investor relations website at
http://investors.ticketmaster.com. Investors are urged to read the joint proxy
statement/prospectus and the other relevant materials when they become
available before making any voting or investment decision with respect to the
transaction. 

Ticketmaster Entertainment, Live Nation and their respective executive officers
and directors may be deemed to be participating in the solicitation of proxies
in connection with the transaction. Information about the executive officers
and directors of Ticketmaster Entertainment and the number of shares of
Ticketmaster Entertainment's common stock beneficially owned by such persons is
set forth in the registration statement on Form S-1 which was filed with the
SEC on August 20, 2008. Information about the executive officers and directors
of Live Nation and the number of shares of Live Nation's common stock
beneficially owned by such persons is set forth in the proxy statement for Live
Nation's 2008 Annual Meeting of Stockholders which was filed with the SEC on
April 29, 2008. Investors may obtain additional information regarding the
direct and indirect interests of Ticketmaster Entertainment, Live Nation and
their respective executive officers and directors in the transaction by reading
the joint proxy statement/prospectus regarding the transaction when it becomes
available. 

This communication shall not constitute an offer to sell or the solicitation of
an offer to sell or the solicitation of an offer to buy any securities, nor
shall there be any sale of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction. 

CONTACT: Public Strategies, Inc.
         Media Contact
         Bill Mashek
         +1-310-867-7126
         bmashek@pstrategies.com