Irving Azoff, the longtime manager of the Eagles band, is resigning as chairman of concert promoter Live Nation Entertainment Inc. and selling off 1.7 million shares to Liberty Media Corp.
Azoff, 65, will continue to manage the acts that he brought to the company, including the Eagles and Christina Aguilera, but he will no longer be the CEO of Front Line, the artist management company he sold to Ticketmaster in 2008.
Live Nation, which merged with Ticketmaster in January 2010 after intense government scrutiny, said in a statement that it did not expect Azoff’s departure or the restructuring to have a material impact on its operating results.
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