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Live Nation to beat fourth quarter Wall Street view Fri Feb 13, 2009 4:10pm EST By Yinka Adegoke NEW YORK (Reuters) – Live Nation Inc (LYV.N: Quote, Profile, Research, Stock Buzz) expects to beat Wall Street’s forecasts for fourth-quarter adjusted operating profit when it posts earnings next month, and said 2009 summer concert ticket sales are running ahead of the same period in 2008. The news came as the Los Angeles-based concert promoter’s largest shareholder offered support for Live Nation’s controversial proposed acquisition of Ticketmaster Entertainment (TKTM.O: Quote, Profile, Research, Stock Buzz) for around $318 million in stock. But he told Reuters in an interview he does not support giving a key role for media mogul Barry Diller in the proposed merger. The merger has already raised hackles of U.S. lawmakers and others who believe that the merged company, to be named Live Nation Entertainment, would have too much power in the live music industry. Shares of Live Nation and Tick
