Live Nation To Sell Starwood Amphitheatre

Live Nation confirms that they have found a buyer for the 65-acre Starwood
Amphitheatre site in Antioch, Tenn., and the plug has been pulled on the 2007 season.

"We have made the decision to close the amphitheater pending the completion
of the deal, which has resulted in the eliminations of several positions
from the venue," says LN spokesman John Vlautin. "Live Nation's Nashville
office, which is headed by president of country touring Brian O'Connell,
will not be affected by the sale of the amphitheatre. Similarly, Live Nation
will continue to promote shows in the Nashville market through third party
venues as it has done for many years."

Starwood was the prototype amphitheater in the PACE Concerts portfolio, a
17,000-capacity venue that in many ways opened the floodgates for
amphitheater development in the late 1980s. The venue became part of the
Live Nation portfolio in the wake of industry consolidation.

Louis Messina was president of PACE and was instrumental in that company
entering the shed business. Messina, now president of TMG/AEG Live, says
that "Starwood was never one of the best investments we made. We had good
years but it wasn't like Dallas, Atlanta or Pittsburgh. But [Starwood]
served its purpose for us."

Starwood grossed $4.6 million and drew 183,630 people to 16 shows reported
to Billboard Boxscore last year.