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WEST HOLLYWOOD, Calif. — Ticketmaster Entertainment Inc., the ticket seller planning to merge with concert promoter Live Nation Inc., said first-quarter profit fell 78 percent after a drop in the number of tickets sold.
Net income declined to $7.25 million, or 12 cents a share, from $32.7 million, or 58 cents a share, a year earlier, Ticketmaster said Tuesday in a statement. Sales rose 7.1 percent to $373.8 million, buoyed by an acquisition.
