Tuesday, 1 January 2013

UPDATE 1-Live Nation Chairman Azoff resigns; Liberty buys shares

n" readability="52">Dec 31 (Reuters) - Irving Azoff, a legendary music manager who helped make stars out of The Eagles and Christina Aguilera, resigned as chairman of Live Nation Entertainment and sold some of his stake in the concert promotion giant to John Malone's Liberty Media Corp.

Azoff is expected to start a new talent management agency, and is expected to take some of his former clients with him, according to a person familiar with his exit. Those acts haven't been identified.

Liberty Media said in a statement that its acquisition of some of Azoff's shares increased the company's stake to 26.4 percent.

Azoff sold 1.7 million shares Live Nation to Liberty. He owned 7.6 million shares, or 3.9 percent of the company in June, according to the company's proxy statement.

Live Nation's shares closed up 0.4 percent at $9.31 a share on Monday.

Azoff's contract ends in 2014, according to the company's proxy statement. Last week, Live Nation said it renewed Chief Executive Michael Rapino's contract for five years.

Azoff was chief executive of Ticketmaster in 2010 when the ticketing company merged with Live Nation. He was named executive chairman at the time of the merger, and chairman of the board the following year.

He retained his position as chief executive of Front Line, his management company, which was part of the merger.

"After successfully overseeing the integration of Live Nation and Ticketmaster over the past two years, my job is done," the 65-year-old music executive said in a statement.


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Zynga carries out planned games shutdown, including "Petville"

The corporate logo of Zynga Inc, the social network game development company, is shown at its headquarters in San Francisco, California April 26, 2012. REUTERS/Robert Galbraith

The corporate logo of Zynga Inc, the social network game development company, is shown at its headquarters in San Francisco, California April 26, 2012.

Credit: Reuters/Robert Galbraith

By Malathi Nayak

SAN FRANCISCO | Mon Dec 31, 2012 3:09pm EST

SAN FRANCISCO (Reuters) - Social games publisher Zynga Inc confirmed on Monday that it has carried out 11 of the planned shutdowns of 13 game titles, with "Petville" being the latest game on which it pulled the plug.

Zynga in October said it would shut down 13 underperforming titles after warning that its revenues were slowing as gamers fled from its once-popular titles published on the Facebook platform in large numbers and sharply revised its full-year outlook.

The San Francisco-based company announced the "Petville" shutdown two weeks ago on its Facebook page. All the 11 shutdowns occurred in December.

The 11 titles shut down or closed to new players include role-playing game "Mafia Wars 2," "Vampire Wars," "ForestVille" and "FishVille."

"In place of 'PetVille,' we encourage you to play other Zynga games like 'Castleville,' 'Chefville,' 'Farmville 2,' 'Mafia Wars' and 'Yoville,'" the company told players on its 'PetVille' Facebook page. "PetVille" players were offered a one-time, complimentary bonus package for virtual goods in those games.

"Petville," which lets users adopt virtual pets, has 7.5 million likes on Facebook but only 60,000 daily active users, according to AppData. About 1,260 users commented on the game's Facebook page, some lamenting the game's shutdown.

Zynga has said it is shifting focus to capture growth in mobile games. It also applied this month for a preliminary application to run real-money gambling games in Nevada.

Zynga is hoping that a lucrative real-money market could make up for declining revenue from games like "FarmVille" and other fading titles that still generate the bulk of its sales.

Zynga shares were up 1 percent at $2.36 in afternoon trade on Monday on the Nasdaq.

(Reporting By Malathi Nayak; Editing by Leslie Adler)


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Gun groups seek boycott of newspaper that named permit-holders

By Noreen O'Donnell

NEW YORK | Mon Dec 31, 2012 4:28pm EST

NEW YORK Dec 31 (Reuters) - Gun-owner groups called on Monday for an advertising boycott of a suburban New York newspaper that is under fire for publishing the names and addresses of pistol permit-holders in New York City suburbs.

A map published in the White Plains, New York-based Journal News last week listed thousands of permit-holders in Westchester and Rockland counties, just north of New York City.

The newspaper has said it is compiling yet more names of pistol permit-holders in suburban Putnam County that it intends to publish as well.

"This wanton act by the Journal News has put in harm's way tens of thousands of lawful license-holders," the New York State Rifle & Pistol Association said in a statement on Monday.

"This action can only be viewed as an attempt to intimidate and bully lawful, gun-owning citizens," it said.

The Rifle & Pistol Association, joined by the Westchester County Firearm Owners Association, said it was urging its members to ask companies to stop advertising in The Journal News and its parent company, Gannett Co. Inc, until the map is removed from the newspaper's website.

The gun owners say they will boycott companies that continue to advertise in the suburban newspaper.

"The Journal News has decided to blame the pistol license-holders in the counties that it serves for violent crime in the area and they refuse to take down the list with the searchable map," said Jacob Rieper, vice president of legislative and political affairs for the Rifle & Pistol Association. "We have had people complaining about it almost non-stop."

The Rifle & Pistol Association said it represents about 40,000 members statewide, including the Westchester group, and it listed 52 local and national companies that advertise with the newspaper.

"I don't think I'm doing anything wrong by simply advertising in a local newspaper," said Eros Corpus, owner of Batteries Plus in Greenburgh, New York, a business on the boycott list.

"I'm definitely caught in the middle. I don't want to be caught in politics," Corpus said.

The call for a boycott follows a week of complaints from outraged gun owners who besieged the newspaper's website and social media sites with critical responses to the map, first published on Dec. 24.

The map was published in response to the Dec. 14 shooting deaths of 26 children and adults at an elementary school in Newtown, Connecticut, the newspaper's editors said.

Critics said it endangered law-abiding gun enthusiasts, law enforcement officials, battered women and others. Some have retaliated by posting reporters' and editors' addresses and other personal information online.

The Journal News "exposed us and our families to possible harm," said Scott Sommavilla, president of the Firearm Owners Association. "Some gun owners are showing them how the shoe fits on the other foot and how it feels."

Some business owners on a list circulated by the gun enthusiast groups said they were upset.

At Croton Auto Park, in Croton-on-Hudson, New York, owner Louis Giordano said he already got an email from a longtime customer threatening to stop buying cars from him.

Giordano said he has advertised in the newspaper for 20 years and disagreed strongly with publication of the map.

"I'm conflicted with that," he said. "This is going on in my mind today as we speak."

Janet Hasson, president and publisher of The Journal News Media Group, said in a statement last week the newspaper had expected publication of the permit-holders' identities would be controversial.

"But we felt sharing information about gun permits in our area was important in the aftermath of the Newtown shootings," she said.

No editors at the newspaper could be reached for comment on Monday.

Some 44,000 people were licensed to own pistols in the three counties, the newspaper said. Owners of rifles and shotguns do not need permits, the newspaper said.


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