Live Nation venues for sale

January 05, 2007 Sources say Sleep Train Amphitheatre in Marysville, Calif. (near Sacramento) is also on the block, and Starwood Amphitheatre in Antioch, Tenn., (near Nashville) may be next. The move to divest its real estate holdings is not unexpected as Live Nation moves forward as an independent, free-standing company following its spinoff from Clear Channel Communications in late 2005. But, with the $350 million acquisition of House Of Blues Entertainment last year and it's club network (and LN CEO Michael Rapino's admitted desire to capitalize on the hot small and midsized venue market), and the need to pay for an aggressive buying spree in 2006, moving some of the less-productive real estate holdings seems a savvy move.

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