CORRECTED-Former Live Nation chair Diller sells 2.53 mln shares

(In second paragraph, corrects number of shares Diller still
owns)

* Barry Diller sells 2.53 mln shares of Live Nation

* Sale worth $24.3 million

CHICAGO, Nov 6 (BestGrowthStock) – Barry Diller, the former
chairman of Live Nation Entertainment (LYV.N: ), sold 2.53
million shares in the company, according to a government
filing.

In a filing with the U.S. Securities and Exchange
Commission on Thursday, Live Nation said Diller, the chief
executive of IAC/Interactive Corp (IACI.O: ), still owns 10,396
shares of Live Nation.

Diller sold the shares for $9.62 each, making the total
sale worth $24.3 million.

Representatives from IAC and Live Nation were not
immediately reachable for comment.

Diller, who became nonexecutive chairman of the struggling
concert promoter and ticketing company after the February
merger of Live Nation and Ticketmaster Entertainment, stepped
down in September after a brief and controversial stint.

Diller said in a statement in September he had expected his
time as chairman to be short through the transition and
integration of the two companies.

Live Nation this week said it earned 30 cents per share in
the third quarter on revenue of $1.84 billion.
(Reporting by Kyle Peterson)

CORRECTED-Former Live Nation chair Diller sells 2.53 mln shares