Live Nation (LYV +3.7%) chairman Irving Azoff has resigned and sold 1.7M shares in the company...

|About: Live Nation Entertainment, ... (LYV)|By:, SA News Editor

Live Nation (LYV +3.7%) chairman Irving Azoff has resigned and sold 1.7M shares in the company to Liberty Media (LMCA +1.7%). "My job here is done," says Azoff, whose sale raises Liberty's stake in the concert production/ticketing firm to 26.4%. Live Nation plans to announce a new chairman before its next board meeting, a source tells Bloomberg.