Bashing IAC’s Ticketmaster is a grand tradition that dates back to the grunge era. Now the surcharge-happy ticketing service is getting much of the blame for IAC’s lousy second quarter; Ticketmaster saw revenue drop 5% and operating profit drop 24%. It might get worse down the line, says blogger Benjamin Lipman, if Live Nation — the concert giant spun off from Clear Channel in 2005 which accounts for about 20% of Ticketmaster’s sales — walks away from its Ticketmaster deal.
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