TAILIEUCHUNG - FOR IMMEDIATE RELEASE LIVE NATION REPORTS FIRST QUARTER 2008 FINANCIAL RESULTS

Clearly, the Babylonians understood that the builder will always know more about the risks than the client, and can hide fragilities and improve his profitability by cutting corners—in, say, the foundation. The builder can also fool the inspector (or the regulator). The person hiding risk has a large informational advantage over the one looking for it. The potency of the classical rule lies in the idea that people do not consciously wish to harm themselves. We feel much safer on a plane be- cause the pilot, and not a drone, is at the controls. This principle has been applied by all. | FOR IMMEDIATE RELEASE LIVE NATION REPORTS FIRST QUARTER 2008 FINANCIAL RESULTS - 2008 concert season begins with over 4 400 music events in first quarter - LOS ANGELES - May 8 2008 - Live Nation NYSE LYV released financial results for the three months ended March 31 2008 today. Summary Results in millions except per share amounts Q 1 2008 Q 1 2007 Revenue Adjusted Operating Income Loss Operating Income Loss Free Cash Flow Net Income Loss Basic and Diluted EPS The first quarter represented a solid start to what we believe will be a very healthy year for concerts globally said Michael Rapino President and Chief Executive Officer of Live Nation. Our ticket sales to date remain strong despite the slowdown in the economy. Our priorities for 2008 continue to be focused on improving the profitability of our core concert distribution platform building our ticketing division for our 2009 launch and continuing to divest non-core assets to reduce debt. We are pleased with our financial results which are in line with our plan in what is seasonally a slow quarter for us said Kathy Willard Chief Financial Officer of Live Nation. Due to earlier timing of ticket sales and continued control over maintenance-related capital expenditures our cash balances and free cash flow have improved during the quarter as well. Highlights Build-out of our ticketing initiative is in process and on schedule through our long-term agreement with CTS Eventim through which we will exclusively license the Eventim platform in North America and Eventim will provide back-office ticketing services in the United Kingdom and ticketing services across Europe. Entered into strategic marketing alliance with Citi that capitalizes on the company s fully integrated music platform including concerts online ticketing and access to Live Nation Artists to deliver a uniquely comprehensive live music experience to Citi customers in the United States. Acquired .

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