Live Nation names CEO of new ticketing division

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Concert promoter Live Nation said Monday it promoted Nathan Hubbard to chief executive of the company's new ticketing unit.

The new division will manage Live Nation's ticketing Web site.

Hubbard was previously president of ticketing and joined Live Nation in 2006.

In May, Live Nation said its first-quarter loss narrowed to $35.4 million, or 47 cents per share, while revenue increased 22 percent to $636.5 million.

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