Washington - A consumer advocacy group called TicketDisaster.org announced on Tuesday that nearly 25,000 consumers have directly contacted the U.S. Justice Departent, to urge the antitrust division to block the merger of Ticketmaster (NASD: TKTM) and concert promotion giant Live Nation (NYSE: LYV)."Consumers can spot a raw deal when they see one, and this merger is exactly that -- a combination of two market behemoths that would result in higher prices, more outrageous fees, and less choice," said Sally Greenberg, executive director of the National Consumers League, a founding member of the coalition.
Other backers of the campaign include the "American Antitrust Institute, Consumer Action, Consumer Federation of America, I.M.P. Productions Chairman Seth Hurwitz (representing independent venue owners), the National Association of Ticket Brokers and the U.S. Public Interest Research Group (USPIRG)."
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http://snipurl.com/u4p18Published in DMW Daily, January 19, 2010
A merger between Ticketmaster and Live Nation could change the entire landscape of the primary and secondary ticket market. Do you think the merger will help you as a consumer?
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