May 222022
![](https://journal.unknownlamer.org/wp-content/uploads/2022/05/jwz-live-nation-stole-millions-in-federal-aid-meant-for-independent-venues-150x150.jpg)
Congress wrote a pandemic relief law that excluded Live Nation and companies like it. But the Small Business Administration gave nearly $19 million to Live Nation subsidiaries or companies in which it has a significant investment.”When we wrote this, we specifically didn’t want these publicly traded companies — Live Nation foremost among them — to get their hands on this money,” said Rep. Peter Welch (D-Vt.), a key co-sponsor of the relief legislation. “I did not want Live Nation getting a nickel.”Live Nation as a parent company did not directly receive any money from the program, but the government relief to its subsidiaries still protected its investments and improved its long-term outlook […] One of the…
2022-05-22
Sorry, the comment form is closed at this time.