Live Nation Entertainment (LYV -6.5%) CEO Michael Rapino tells CNBC the business is strong...

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

Live Nation Entertainment (LYV -6.5%) CEO Michael Rapino tells CNBC the business is strong despite a surprise 7.3% attendance decline during the summer concert season, citing 5%-6% revenue growth in the Festivals, European and North American segments. Rapino doesn't see "deterioration" heading into Q4, but investors weren't listening today.