Word: nationalizes
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Irving Azoff, chief executive of Ticketmaster Entertainment Inc., doesn't mince words when he talks about the amplified negative press that's surrounded his company's bid to merge with Live Nation Inc. since the deal was announced in February. "It's really good that some of the press and some of the consumer groups out there that have hated the fact that there's been service charges on tickets and have hated Ticketmaster for the last 20 years have been able to spin all you people," he said sarcastically. "But quite honestly it's a line of bull crap...
...Azoff says the critics, whether famous, furious or both, are missing the point of the merger: that it would produce greater efficiencies in the music business, which theoretically would benefit ticket buyers and artists. The proposed megamarriage of Ticketmaster and Live Nation, if approved by regulators, would combine the country's largest ticketing company with the nation's biggest concert promoter. Since the $2.5 billion all-stock deal was unveiled in February, a throng of players, ranging from angry independent concert promoters to frustrated music fans, has been drumming the Department of Justice to block the deal, claiming the merger...
...Washington Pollution and Politics On May 21, the American Clean Energy and Security Act--also known as the Waxman-Markey Bill, after its Democratic authors--passed through a House committee. If approved, the 1,000-page bill would institute the nation's first federal cap-and-trade system for reducing greenhouse-gas emissions...
Like an impulsive starlet, California may find it harder to be cast as the nation's trendsetter if she can't decide what the trend should be in the first place. The state's supreme court ruled last year that California's constitutional right to marry extended to same-sex couples. Then in November voters amended the constitution to define marriage as between a man and a woman. Now the court has upheld voters' right to do so. Protesters have promised another referendum next year; fundraising letters from both sides are already in the mail. So was the California ruling...
...staying at home and avoiding the democratic process altogether. But those who did turn up rewarded two unlikely and rival contestants: the ruling party of France's unpopular President, Nicolas Sarkozy, and a union of traditionally marginal environmental parties now challenging the Socialists for leadership of the nation's leftist opposition...