The loss is a result from the ticketing company taking an impairment charge to account for its falling share price since spinning off from IAC/InterActiveCorp last August. The $1.1 billion goodwill write-down reflected the decline in the company's stock price, which debuted at $20 when it spun off from IAC/InterActiveCorp.
Ticketmaster Entertainment shares closed today (March 19) down 3 cents at $4.09 before the earnings were announced. Free cash flow increased to $49 million from negative $15 million in the same period a year ago. - more on this story
Preview and Purchase Ticketmaster CDs
Dr. John - Gris-Gris Gumbo Ya Ya: Singles 1968-1974
Jethro Tull - Curious Ruminant
Root 66: Chris Berardo, Slaw, Wonderly and More
Sites and Sounds: Cheap Trick to Headline Pure Imagination Festival in Arizona
Road Trip: A Music Fan's Guide to Clarksville, Tennessee
Sammy Hagar Pays Tribute To The Original Redhead John Pruner
Social Distortion Cancel Tour Due To Mike Ness Health Issues
Drowning Pool Share 'Bodies' Lyric Video After Carrie Underwood Performance
Metallica Giving Away Trip To Ozzy and Black Sabbath's Final Show
Maneskin's Damiano David Reveal Solo Album Details
Cradle Of Filth Stream 'White Hellebore' Video
Peter Wolf Releases First Ever Memoir 'Waiting on the Moon '