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Live Nation Names Irving Azoff Chairman

Liberty Media CEO Greg Maffei is taking over a board seat from his boss John Malone who led the Live Nation board on an interim basis, and Liberty is buying more shares of the concert promoter.

NEW YORK - Live Nation Entertainment has named Irving Azoff chairman and acquired the remaining stake in artist management agency Front Line Management Group for about $116.2 million in cash and stock, the company said Monday.