Barry Diller Resigns From Chairman Position With Live Nation
Posted on Wed Sep 29, 2010 03:27 PM PDT

barry_diller200.jpgMANHATTAN, New York (X17online) - Barry Diller, chairman of Live Nation, has released a statement announcing his resignation.

Diller said the following about stepping down:

    “I have always said, since the merger of Ticketmaster and Live Nation, that I only planned to stay as chairman through the transition and integration of the two companies. It’s been almost a year and I informed the board today that while there was no rush, the board should start the process now to appoint a new chairman.”

Sources from Live Nation claim that Diller and other board members have clashed in recent months. The source adds that the tension started when Live Nation merged with Ticketmaster in a $889 million deal.

His replacement has not been named, however, many predict it will be Irving Azoff.

Courtesy: InterActiveCorp company photo