"Live Nation Inc, the world's largest concert promoter, posted a wider loss than expected on Thursday as its revenue was hurt by foreign currency exchange movements. The Los Angeles-based company, which is the in the midst of a controversial merger with Ticketmaster Entertainment Inc, posted a net loss of $103.2 million, or $1.29 a share from continuing operations compared with a loss of $70.8 million, or 92 cents a year ago. Revenue fell by 6 percent to $499.3 million, hurt by $49 million in forex changes and a decline in U.S. ticket sales. The company said on a constant currency basis its revenue grew by 3 percent. Analysts had expected Live Nation to post a loss of 82 cents on revenue of $567.7 million." - Yahoo
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