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Article: Kohl looks at merger Hearing focuses on Live Nation, Ticketmaster deal
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- February 25, 2009
- Author:
CopyrightCopyright 2009 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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Washington -- Shakira, Journey and Van Halen are convinced the
merger between Live Nation and Ticketmaster will be good for the
music industry.
But Sen. Herb Kohl and others are not so sure. The Wisconsin
Democrat, who leads a Senate antitrust subcommittee, called a
hearing Tuesday on the $2.5 billion merger to examine whether the
deal could hurt music lovers across the country.
"This deal raises many serious questions regarding the future of
competition in the concert business," he said. "The burden will be
on Ticketmaster and Live Nation to demonstrate that consumers will
be better off."
The merger is drawing scrutiny because it would create one of the
most powerful media companies in the ...