Harmony(TM) Desktop Application Converts MP3 Music Files to 3D Animated YouTube Music Videos

Harmony(TM) Desktop Application Converts MP3 Music Files to 3D Animated YouTube Music Videos

'Brilliantly Simple Animation Tool from Digital Chaotics(TM) Now Available For Download to Home Computers'

SAN JOSE, Calif., March 1, 2011 /PRNewswire/ -- The Harmony(TM) desktop animation application is now available for download at the Digital Chaotics(TM) website. Harmony allows users to make "Music for the Eyes(TM)" by building unique, customized animated music videos with just a few mouse clicks. "Harmony gives ordinary users the tools to transform what's in their minds into unique, creative, dazzling works of art that can then be shared on YouTube, social media sites like Facebook and more," said Digital Chaotics founder Ken Scott. Harmony is being offered to the public for $97 and can be downloaded at http://www.DigitalChaotics.com.

(Logo: http://photos.prnewswire.com/prnh/20110301/SF56208LOGO)

Harmony is an innovative new technology in the music/art realm, combining music and dynamic imagery into animated music videos. Ken Scott explains, "With Harmony, you start with an MP3 file, drag and drop pre-built animation clips onto the Harmony timeline, then add a dash of chaos with our patent-pending Animators and Twisters, a splash of the rainbow and a smattering of patterned motion. When the dust settles you get a video filled with uniquely choreographed 3D shapes that dance to the groove of your song. The final video file is ready to upload to YouTube(TM) and other sharing sites. Musicians, DJs, VJs and visual artists can use Harmony to magnify the impact of the music experience with a completely new kind of art. Harmony doesn't make the music. It just makes the music better."

Ken shares, "Digital animation studios like Pixar, DreamWorks and Lucasfilm have long histories of using massive amounts of compute power and hundreds of animators to create special effects and cartoons. Harmony packs all that power into any halfway decent home computer, placing unlimited possibilities at the fingertips of regular folks like you and me. Harmony is going to change the world."

Watch the demo video: http://www.youtube.com/user/VJChaotic

Visit the gallery: http://www.digitalchaotics.com/gallery

About Digital Chaotics

Digital Chaotics makes software tools that unleash the artist inside of you. Known as a "Mad Scientist" in the music, art and technology communities, Artist and Founder Ken Scott (known to many as VJ Chaotic) has been pushing the envelope of science and art for years, creating chaos with an arsenal of supercomputers, producing music videos that expose the heart and soul of music. Digital Chaotics is 100% green. All products are delivered by Internet, preserving nature's valuable resources. http://www.DigitalChaotics.com

Media Contact: Cindy A. Meitle
Phone: (480) 277-1864
Email: pr@digitalchaotics.com

SOURCE Digital Chaotics

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Digital Chaotics

CONTACT: Cindy A. Meitle of Digital Chaotics, +1-480-277-1864, pr@digitalchaotics.com

Web Site: http://www.digitalchaotics.com

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Profile: intent

U.S. Census Bureau Daily Feature for March 1

U.S. Census Bureau Daily Feature for March 1

WASHINGTON, March 1, 2011 /PRNewswire-USNewswire/ -- Following is the daily "Profile America" feature from the U.S. Census Bureau:

(Logo: http://photos.prnewswire.com/prnh/20090226/CENSUSLOGO)

TUESDAY, MARCH 1: GLENN MILLER

Profile America -- Tuesday, March 1st. One of the great names in American popular music was born on this date in 1904 in Clarinda, Iowa -- Glenn Miller. He led a band which came to personify the swing era of the late 1930s and World War II -- turning out hit after hit, including "In the Mood," "Moonlight Serenade," and "String of Pearls." Miller volunteered to join the Army Air Corps and disappeared on a flight over the English Channel only a few months before the end of the war. When Glenn Miller was at the height of his popularity, Americans spent just under $500 million a year on radios, musical instruments, and recordings. Today, we spend nearly $8 billion annually on recordings alone. You can find these and more facts about America from the U.S. Census Bureau, online at www.census.gov.

Sources: Chase's Calendar of Events 2011, p. 150

Historical Statistics of the United States: Colonial Times to 1970, p. 1139

Statistical Abstract of the United States 2011, t. 1139

Profile America is produced by the Public Information Office of the U.S. Census Bureau. These daily features are available as produced segments, ready to air, on a monthly CD or on the Internet at http://www.census.gov (look for "Multimedia Gallery" by the "Newsroom" button).

SOURCE U.S. Census Bureau

Photo:http://photos.prnewswire.com/prnh/20090226/CENSUSLOGO
http://photoarchive.ap.org/
U.S. Census Bureau

CONTACT: Rick Reed of the U.S. Census Bureau, +1-301-763-2812, fax: +1-301-763-3762, rreed-at-census.gov

Web Site: http://www.census.gov

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Profile: intent

Grupo Radio Centro Reports Results for Fourth Quarter and Year-End Results for the Period Ended December 31, 2010

Grupo Radio Centro Reports Results for Fourth Quarter and Year-End Results for the Period Ended December 31, 2010

MEXICO CITY, Feb. 28, 2011 /PRNewswire/ -- Grupo Radio Centro, S.A.B. de C.V. (NYSE: RC, BMV: RCENTRO-A) (the "Company"), one of Mexico's leading radio broadcasting companies, announced today its results of operations for the fourth quarter and year ended December 31, 2010. All figures were prepared in accordance with the Financial Reporting Standards issued by the Mexican Board for Research and Development of Financial Information Standards.

Fourth Quarter Results

Broadcasting revenue in the fourth quarter 2010 was Ps. 306,908,000, a 17.6% increase compared to the Ps. 260,873,000 reported in the fourth quarter 2009. This increase was mainly attributable to higher advertising expenditures by the Company's clients in Mexico during the fourth quarter 2010 compared to the same period 2009.

The Company's broadcasting expenses (excluding depreciation, amortization and corporate, general and administrative expenses) in the fourth quarter 2010 were Ps. 187,574,000, an 8.5% increase compared to the Ps. 172,883,000 reported in the fourth quarter 2009. This increase was primarily due to (i) higher commissions paid to the Company's sales force due to higher broadcasting revenue in the fourth quarter 2010 compared to the same period in 2009, (ii) research and advertising expenses made during the fourth quarter of 2010, and (iii) production costs of talk shows . This increase was partially offset by a decrease in broadcasting expenses from the Los Angeles radio station KXOS-FM.

For the fourth quarter 2010, the Company recorded broadcasting income (i.e., broadcasting revenue minus broadcasting expenses, excluding depreciation, amortization and corporate, general and administrative expenses) of Ps. 119,334,000, a 35.6% increase compared to the Ps. 87,990,000 reported in the fourth quarter 2009. This increase was mainly attributable to the increase in broadcasting revenue, as described above.

Depreciation and amortization expenses in the fourth quarter 2010 were Ps. 5,744,000, a slight decrease compared to the Ps. 6,466,000 reported in the fourth quarter 2009, as a result of a reduction in the amount of depreciable assets.

The Company's corporate, general and administrative expenses were Ps. 4,574,000 in both the fourth quarter of 2009 and 2010.

The Company recorded operating income of Ps. 109,016,000,000 in the fourth quarter 2010, a 41.7% increase compared to the Ps. 76,950,000 in operating income reported in the fourth quarter 2009. This increase was due to increased broadcasting revenue during the fourth quarter 2010 compared to the fourth quarter 2009 as described above.

During the fourth quarter 2010, other expenses, net, were Ps. 6,118,000, a 70.4% decrease compared to the Ps. 20,695,000 reported in the fourth quarter 2009. This decrease was mainly attributable to a reduction of the reserve for labor liabilities in 2010.

The Company's comprehensive financing cost in the fourth quarter 2010 was Ps. 8,015,000, compared to Ps. 13,972,000 in the fourth quarter 2009. This change was primarily due to a Ps. 7,092,000 loss on net foreign currency exchange in the fourth quarter 2009, which was attributable to a decline in the peso value of a U.S. dollar denominated loan from the Company to GRC LA, LLC, our U.S. subsidiary compared to a Ps. 53,000 loss on the loan due to a relatively lower appreciation of the peso against the U.S. dollar in the fourth quarter 2010.

During the fourth quarter 2010, the Company recorded income before taxes of Ps. 94,883,000, compared to income before taxes of Ps. 42,283,000 reported in the fourth quarter 2009, which was primarily attributable to an increase in operating income, as well as a decrease in other expenses, net, and in the Company's comprehensive financing cost during the fourth quarter 2010, as described above.

The Company recorded income taxes of Ps. 21,984,000 in the fourth quarter 2010, an increase of 29.3% compared to the Ps. 16,997,000 recorded in the fourth quarter 2009. This increase was due to higher taxable income in the fourth quarter 2010 than the fourth quarter 2009.

As a result of the foregoing, the Company recorded net income in the fourth quarter 2010 of Ps. 72,899,000, a 188.3% increase compared to a net income of Ps. 25,286,000 in the fourth quarter 2009.

Twelve-Month Results

For the year ended December 31, 2010, broadcasting revenue was Ps. 907,925,000, a 15.5% increase compared to the Ps. 785,869,000 reported in the same period 2009. The increase was mainly attributable to an increase in advertising expenditures by the Company's clients, who purchased more airtime during 2010 than the comparable period in 2009, as well as to revenues from the Los Angeles radio station KXOS-FM during 2010.

The Company's broadcasting expenses (excluding depreciation, amortization and corporate, general and administrative expenses) for the year ended December 31, 2010 were Ps. 688,113,000, a 15.6% increase compared to the Ps. 595,011,000 reported in the same period 2009. This increase was primarily due to (i) broadcasting expenses incurred in connection with KXOS-FM beginning in April 2009, resulting in a comparison between twelve months for the 2010 period and eight and a half months for the 2009 period, (ii) higher sales commissions due to the increase in broadcasting revenue, and (iii) expenses related to the Company's mass media advertising campaigns.

Broadcasting income (i.e., broadcasting revenue minus broadcasting expenses, excluding depreciation, amortization and corporate, general and administrative expenses) for the year ended December 31, 2010 was Ps. 219,812,000, a 15.2% increase compared to the Ps. 190,858,000 reported in the same period 2009.

Depreciation and amortization expenses for the year ended December 31, 2010 were Ps. 23,861,000, an 8.3% decrease compared to the Ps. 26,024,000 reported in the same period 2009. This decrease was due to a reduction in the amount of depreciable assets.

The Company's corporate, general and administrative expenses for the year ended December 31, 2010 were Ps. 14,939,000, the same amount reported in 2009.

As a result of the foregoing, the Company recorded operating income of Ps. 181,012,000 for the year ended December 31, 2010, a 20.8% increase compared to the Ps. 149,895,000 reported in the same period 2009.

Other expenses, net, for the year ended December 31, 2010 were Ps. 42,508,000, a 36.1% decrease compared to the Ps. 66,495,000 reported in the same period 2009. This decrease was mainly attributable to legal expenses incurred in 2009 related to contractual agreements for the Los Angeles radio station, as well as revenue from tax credits during the third quarter 2010 and to a reduction of the reserve for labor liabilities in the fourth quarter 2010.

The Company's comprehensive cost of financing for the year ended December 31, 2010 was Ps. 26,116,000, compared to Ps. 40,615,000 in the same period 2009. This change was primarily due to a lower loss on net foreign currency exchange from Ps. 17,140,000 in the year ended December 31, 2009 to a Ps. 217,000 loss on net foreign currency exchange in the year ended December 31, 2010.

For the year ended December 31, 2010, the Company recorded income before taxes of Ps. 112,388,000 compared to income before taxes of Ps. 42,785,000 in the same period 2009, mainly due to the increase in broadcasting revenue and to the aforementioned decrease in the Company's other expenses, net, and comprehensive cost of financing.

The Company recorded income taxes of Ps. 51,978,000 for the year ended December 31, 2010, compared to Ps. 38,342,000 recorded in the same period 2009.

As a result of the foregoing, the Company recorded net income of Ps. 60,410,000 for the year ended December 31, 2010, a significant increase compared to the net income of Ps. 4,443,000 reported for 2009.

Company Description

Grupo Radio Centro owns and/or operates 15 radio stations. Of these 15 radio stations, 12 are located in Mexico City, two AM stations, in Guadalajara and Monterrey, and one FM station in Los Angeles. The Company's principal activities are the production and broadcasting of musical and entertainment programs, talk shows, news and special events programs. Revenue is primarily derived from the sale of commercial airtime. In addition to the Organizacion Radio Centro radio stations, the Company also operates Grupo RED radio stations and Organizacion Impulsora de Radio (OIR), a radio network that acts as the national sales representative for, and provides programming to, 108 Grupo Radio Centro-affiliated radio stations throughout Mexico.

Note on Forward Looking Statements

This release may contain projections or other forward-looking statements related to Grupo Radio Centro that involve risks and uncertainties. Readers are cautioned that these statements are only predictions and may differ materially from actual future results or events. Readers are referred to the documents filed by Grupo Radio Centro with the United States Securities and Exchange Commission, specifically the most recent filing on Form 20-F, which identifies important risk factors that could cause actual results to differ from those contained in the forward-looking statements. All forward-looking statements are based on information available to Grupo Radio Centro on the date hereof, and Grupo Radio Centro assumes no obligation to update such statements.

IR Contacts
In Mexico: In NY:
Pedro Beltran / Alfredo Azpeitia Maria Barona / Peter Majeski
Grupo Radio Centro, S.A.B. de C.V. i-advize Corporate Communications, Inc.
Tel: (5255) 5728-4800 Ext. 4910 Tel: (212) 406-3690
aazpeitia@grc.com.mx grc@i-advize.com.mx

GRUPO RADIO CENTRO, S.A.B. DE C.V.
CONSOLIDATED AUDITED BALANCE SHEETS
as of December 31, 2010 and 2009
(figures in thousands of Mexican pesos ("Ps.") and U.S. dollars
("U.S. $") (1)

December 31,
------------
2010 2009
U.S.
$(1) Ps. Ps.
----- --- ---
ASSETS
------
Current assets:
Cash and temporary investments 11,608 143,443 175,537
------ ------- -------

Accounts receivable:
Broadcasting, net 24,937 308,143 304,701
Other 525 6,490 6,863
25,462 314,633 311,564

Prepaid expenses 2,619 32,368 117,996
----- ------ -------
Total current assets 39,689 490,444 605,097

Property and equipment, net 35,324 436,499 459,941
Prepaid expenses 0 0 26,662
Deferred charges, net 415 5,128 3,039
Excess of cost over book value of net
assets of subsidiaries, net 67,076 828,863 828,863
Other assets 276 3,416 3,353
--- ----- -----
Total assets 142,780 1,764,350 1,926,955
======= ========= =========

LIABILITIES
-----------
Current:
Notes payable 3,323 41,064 41,903
Advances from customers 11,309 139,751 175,502
Suppliers and other accounts payable 4,652 57,483 84,230
Taxes payable 6,283 77,644 56,494
Total current liabilities 25,567 315,942 358,129

Long-Term:
Notes payable 7,283 90,000 130,000
Reserve for labor liabilities 4,778 59,042 65,871
Deferred taxes 713 8,814 16,476
--- ----- ------
Total liabilities 38,341 473,798 570,476
------ ------- -------

SHAREHOLDERS' EQUITY
--------------------
Capital stock 91,479 1,130,410 1,130,410
Cumulative earnings 9,387 115,991 216,021
Reserve for repurchase of shares 3,548 43,837 43,837
Minority interest 25 314 (33,789)
--- --- -------
Total shareholders' equity 104,439 1,290,552 1,356,479
------- --------- ---------
Total liabilities and Shareholders'
equity 142,780 1,764,350 1,926,955
======= ========= =========

(1) Peso amounts have been translated into U.S. dollars, solely for
the convenience of the reader, at the rate of Ps. 12.3571 per U.S.
dollar, the rate on December 31, 2010.

GRUPO RADIO CENTRO, S.A.B. DE C.V.
CONSOLIDATED AUDITED STATEMENTS OF INCOME
for the three-month and twelve-month periods ended December 31,
2010 and 2009
(figures in thousands of Mexican pesos ("Ps.") and U.S. dollars
("U.S. $")(1), except per Share and per ADS amounts)

4th Quarter
-----------
2010 2009
U.S.$
(1) Ps. Ps.
------ --- ---

Broadcasting revenue (2) 24,837 306,908 260,873
Broadcasting expenses, excluding
depreciation,
amortization and corporate, general and
administrative expenses 15,179 187,574 172,883
------ ------- -------
Broadcasting income 9,658 119,334 87,990

Depreciation and amortization 465 5,744 6,466
Corporate, general and administrative
expenses 370 4,574 4,574
--- ----- -----
Operating income 8,823 109,016 76,950

Other expenses, net (495) (6,118) (20,695)

Comprehensive financing cost:
Interest expense (640) (7,906) (6,738)
Interest income (2) (5) (56) (142)
(Loss) on foreign currency exchange, net (4) (53) (7,092)
(649) (8,015) (13,972)
---- ------ -------

Income (loss) before income taxes 7,679 94,883 42,283

Income taxes 1,779 21,984 16,997
----- ------ ------
Net income (loss) 5,900 72,899 25,286

Net income (loss) applicable to:
Majority interest 5,900 72,896 43,109
Minority interest 0 3 (17,823)
-------
5,900 72,899 25,286
===== ====== ======

Net income per Series A Share (3)
Net income per ADS (3)
Weighted average common shares outstanding
(000's) (3)

Accumulated 12 months
---------------------
2010 2009
U.S.$
(1) Ps. Ps.
----- --- ---

Broadcasting revenue (2) 73,474 907,925 785,869
Broadcasting expenses, excluding
depreciation,
amortization and corporate, general and
administrative expenses 55,686 688,113 595,011
------ ------- -------
Broadcasting income 17,788 219,812 190,858

Depreciation and amortization 1,931 23,861 26,024
Corporate, general and administrative
expenses 1,209 14,939 14,939
----- ------ ------
Operating income 14,648 181,012 149,895

Other expenses, net (3,440) (42,508) (66,495)

Comprehensive financing cost:
Interest expense (2,132) (26,345) (23,528)
Interest income (2) 36 446 53
(Loss) on foreign currency exchange, net (18) (217) (17,140)
(2,114) (26,116) (40,615)
------ ------- -------

Income (loss) before income taxes 9,094 112,388 42,785

Income taxes 4,206 51,978 38,342
----- ------ ------
Net income (loss) 4,888 60,410 4,443

Net income (loss) applicable to:
Majority interest 4,887 60,402 58,386
Minority interest 1 8 (53,943)
4,888 60,410 4,443
===== ====== =====

Net income per Series A Share (3) 0.030 0.3711 0.3588
Net income per ADS (3) 0.270 3.3399 3.2292
Weighted average common shares outstanding
(000's) (3) 162,725 162,725

(1) Peso amounts have been translated into U.S. dollars, solely for
the convenience of the reader, at the rate of Ps. 12.3571 per U.S.
dollar, the rate on December 31, 2010.
(2) Broadcasting revenue for a particular period includes (as a
reclassification of interest income) interest earned on funds
received by the Company pursuant to advance sales of commercial air
time to the extent that the underlying funds were earned by the
Company during the period in question. Advances from advertisers are
recognized as broadcasting revenue only when the corresponding
commercial air time has been transmitted. Interest earned and
treated as broadcasting revenue for the fourth quarter of 2010 and
2009 was Ps. 1,590,000 and Ps. 1,799,000, respectively. Interest
earned and treated as broadcasting revenue for the twelve months
ended December 31, 2010 and 2009 was Ps. 5,058,000 and Ps.
5,419,000, respectively.

(3) Earnings per share calculations are made for the last twelve
months as of the date of the income statement, as required by the
Mexican Stock Exchange.

SOURCE Grupo Radio Centro, S.A.B. de C.V.

Grupo Radio Centro, S.A.B. de C.V.

CONTACT: In Mexico - Pedro Beltran or Alfredo Azpeitia, +011-5255-5728-4800 Ext. 4910, aazpeitia@grc.com.mx, both of Grupo Radio Centro, S.A.B. de C.V.; or in NY - Maria Barona or Peter Majeski, +1-212-406-3690, grc@i-advize.com.mx, both of i-advize Corporate Communications, Inc.

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Profile: intent

DISH Network Issues Statement on LIN Media Retransmission Negotiations

DISH Network Issues Statement on LIN Media Retransmission Negotiations

ENGLEWOOD, Colo., Feb. 28, 2011 /PRNewswire/ -- DISH Network L.L.C. issued the following statement about its ongoing retransmission negotiations with LIN Media regarding continued carriage of local channels in 17 markets:

(Logo: http://photos.prnewswire.com/prnh/20100611/LA19624LOGO)

"LIN Media, a corporate media conglomerate, is threatening to block DISH Network customers from watching its local channels in 17 markets across the country. LIN Media is demanding more than a 140 percent rate hike and other burdensome contract terms that ultimately will result in higher prices for consumers. We are pleased the FCC is meeting this week to seek changes to the outdated retransmission consent process. In the meantime, DISH Network is diligently negotiating with LIN Media, and we're hopeful we can reach a fair agreement."

About DISH Network

DISH Network Corporation (Nasdaq: DISH), through its subsidiary DISH Network L.L.C., provides more than 14.1 million satellite TV customers, as of Dec. 31, 2010, with the highest quality programming and technology at the best value, including HD Free for Life. Subscribers enjoy industry-leading customer satisfaction, the largest high definition line-up with more than 200 national HD channels, the most international channels, and award-winning HD and DVR technology. DISH Network Corporation is a Fortune 200 company. Visit www.dish.com.

SOURCE DISH Network L.L.C.

Photo:http://photos.prnewswire.com/prnh/20100611/LA19624LOGO
http://photoarchive.ap.org/
DISH Network L.L.C.

CONTACT: Francie Bauer of DISH Network L.L.C., +1-720-514-5351 or press@dish.com

Web Site: http://www.dish.com

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Profile: intent

LBI Media, Inc. Announces Conference Call to Discuss Financial Results for the Fourth Quarter and Full Year 2010

LBI Media, Inc. Announces Conference Call to Discuss Financial Results for the Fourth Quarter and Full Year 2010

BURBANK, Calif., Feb. 28, 2011 /PRNewswire/ -- LBI Media, Inc. will host a conference call to discuss its financial results for the fourth quarter and for the full year ended December 31, 2010 on Monday, March 7, 2011 at 1:00 PM Eastern Time. Interested parties may participate in the conference call by dialing (877) 719-9789 beginning fifteen minutes prior to the scheduled start time of the call, asking for the "LBI Media Fourth Quarter 2010 Results Conference Call", and providing confirmation code 5327370 to the operator. The conference call will be recorded and will be made available for replay through Friday, March 11, 2011. Investors may listen to the replay of the call by dialing (888) 203-1112, then entering the passcode 5327370.

LBI Media, Inc. is a leading Spanish-language entertainment company and one of the largest Spanish-language radio and television broadcasters in the United States, based on revenues and number of stations. The Company owns 21 radio stations (fifteen FM and six AM) and nine television stations in greater Los Angeles, CA (including Riverside, San Bernardino and Orange counties), Chicago, IL, Dallas-Ft. Worth, TX, Denver, CO, Houston, TX, New York, NY, Phoenix, AZ, Salt Lake City, UT, and San Diego, CA. The Company also owns "EstrellaTV", a leading Spanish-language national television broadcast network in the United States. The Company also owns four television production facilities that it uses to produce its core television programming. The Company is also affiliated with television stations in various states serving 29 specific market areas, including seven each in California and Texas, four in Florida, two each in Arizona and Nevada and one each in Kansas, Nebraska, New Mexico, New York, North Carolina, Oklahoma, and Oregon.

SOURCE LBI Media, Inc.

LBI Media, Inc.

CONTACT: Wisdom Lu, CFA, Chief Financial Officer, +1-818-729-5316, wlu@lbimedia.com

Web Site: http://lbimedia.com

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Profile: intent

TV Land Picks Up Critically-Acclaimed Hit Sitcom 'Hot in Cleveland' for Third Season, Ordering 22 Brand New Episodes

TV Land Picks Up Critically-Acclaimed Hit Sitcom 'Hot in Cleveland' for Third Season, Ordering 22 Brand New Episodes

Season Three to Begin Production Summer 2011

LOS ANGELES, Feb. 28, 2011 /PRNewswire/ -- TV Land announced today that its smash hit sitcom, "Hot in Cleveland," will return for a third season with 22 episodes to begin shooting this summer. The sitcom, which garnered unprecedented ratings not only for the network but across cable, continues to be a huge success scoring a strong 1.6 among TV Land's target Adults 25-54 audience, a 2.0 among Women 25-54 and an average of 3.2 million total viewers. The sitcom remains the highest-rated and most-watched series in the history of the network and was recently nominated for two Screen Actors Guild Awards® including: Outstanding Performance by an Ensemble in a Comedy Series and Outstanding Performance by a Female Actor in a Comedy Series - Betty White, which Ms. White won.

"The chemistry that this cast has with each other is undeniable so we are excited to bring 'Hot in Cleveland' back for another season," said Larry W. Jones, president of TV Land. "Our viewers will be thrilled with all that is in store for next season - amazing storylines, smart and hilarious writing and even more beloved guest stars!"

"Hot in Cleveland" revolves around three fabulous best friends from LA - novelist Melanie Moretti, eyebrow archer to the stars Joy Scroggs and former soap star Victoria Chase - who find their lives changed forever when their plane, headed for Paris, makes an unexpected landing. When the friends discover that life is better for them and that they are hot in Cleveland, they decide to stay. Starting over together, they rent a house that happens to come with a very opinionated caretaker.

Filmed in front of a live studio audience, "Hot in Cleveland" is executive produced by Emmy® Award-winner Sean Hayes and Todd Milliner of Hazy Mills Productions and is helmed by Emmy® Award-winning Suzanne Martin ("Frasier," "Ellen") serving as executive producer, show runner and writer. Lynda Obst also serves as executive producer.

Earlier this year, the show was distributed by Endemol in Australia, Canada, Germany, Turkey and the UK among others.

Please log onto www.tvlandpress.com for up-to-the-minute information, press releases and photos.

TV Land and all related logos and titles are trademarks of Viacom International Inc.

About TV Land

TV Land is the programming destination featuring the best in entertainment on all platforms for consumers in their 40s and 50s. Consisting of original programming, classic and contemporary television series acquisitions, hit movies and a full-service Web site, TV Land is now seen in over 98 million U.S. homes.

About MTV Networks

MTV Networks, a division of Viacom (NYSE: VIA, VIA.B), is one of the world's leading creators of entertainment content, with brands that engage and connect diverse audiences across television, online, mobile, games, virtual worlds and consumer products. The company's portfolio spans more than 150 television channels and 400 digital media properties worldwide, and includes MTV, VH1, CMT, Logo, Nickelodeon, Nick at Nite, Nick Jr., TeenNick, AddictingGames, Neopets, COMEDY CENTRAL, SPIKE, TV Land, Atom, GameTrailers and Xfire.

SOURCE TV Land

TV Land

CONTACT: Vanessa Reyes Smith, Vanessa.reyes@tvland.com, +1-310-752-8081, or Jennifer Zaldivar Clark, Jennifer.zaldivar@tvland.com, +1-212-846-8964

Web Site: http://www.tvland.com

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Profile: intent

Will a New Nuclear Reactor Power the United States Back to Energy Independence? HDNet's 'Dan Rather Reports' Investigates

Will a New Nuclear Reactor Power the United States Back to Energy Independence? HDNet's 'Dan Rather Reports' Investigates

Nuclear power gets a surprising makeover, but is the U.S. ready to put it back in play?

Tuesday, March 1 at 8:00 p.m. ET

DALLAS, Feb. 28, 2011 /PRNewswire/ -- Tomorrow night's "Dan Rather Reports" presents a surprising look at nuclear power and how new developments in the field have created cleaner, more efficient reactors that could create a virtual "nuclear renaissance." But, the price tag for building these new reactors may be more than the U.S. Department of Energy is ready for.

(Logo: http://photos.prnewswire.com/prnh/20080324/HDNETLOGO)

Although the United States led the way in the development of nuclear energy back in the 1950s, nuclear power now conjures up memories of the disasters at Three Mile Island and Chernobyl. For thirty years, not a single new nuclear power plant was started in the U.S.

On Tuesday's program, Rather speaks to Eric Loewen, a nuclear scientist at GE-Hitachi in charge of advanced reactor design. Loewen and his team have developed a new nuclear reactor called PRISM that is actually able to recycle dangerous nuclear waste to create its own fuel.

"So we can take used nuclear fuel. There's 53,000 metric tons around the country at different nuclear power plants," Loewen explained to Rather. "That's what you could use for fuel for this PRISM reactor."

So, what is the hold up on moving forward with the PRISM? So far, it only exists on paper, on blueprints in Loewen's office. Loewen says the U.S. Department of Energy needs to make this new (and possibly expensive technology) a priority in a recycling budget that is only set at $40 million.

Will the U.S. be able to ride this new nuclear technology back to the lead in energy production, or will other countries beat us to the punch?

"Dan Rather Reports: Power Play" premieres on HDNet, Tuesday, March 1 at 8:00 p.m. ET with an encore at 11:00 p.m. ET.

About HDNet

HDNet (www.hd.net) is the independent network with unique and thought-provoking content that appeals to men of all ages and is delivered in true high definition.

HDNet is the exclusive, high definition home for popular, original programming, including the network's Emmy Award winning HD news feature programs, "HDNet World Report," and "Dan Rather Reports," featuring legendary journalist Dan Rather. Only HDNet goes beyond the headlines to deliver real news that is redefining the way we look at our world. HDNet News is provocative, sometimes controversial and always relevant - telling the important stories of our time in-depth, with attitude and with independence. HDNet is also the exclusive high definition home to critically acclaimed and award winning documentaries, airing as part of the "HDNet 'Round The World" series. "NASA on HDNet" presents all live shuttle launches through 2011.

HDNet presents championship sports coverage featuring the best of Mixed Martial Arts with its Friday night series, "HDNet Fights" (www.hdnetfights.com). "HDNet Fights" works with leading MMA promoters including DREAM, Sengoku, XFC, K-1, K-1 Max, MFC and more. HDNet produces more live Mixed Martial Arts events than any other network and HDNet's "Inside MMA" is the hottest Mixed Martial Arts program on television, giving fans their weekly fix for everything MMA, while "Fighting Words with Mike Straka," goes one-on-one with some of the biggest names in the sport. HDNet also features live coverage of regular season games from the United Football League.

HDNet also delivers the world's largest and most diverse concert line-up through the HDNet Concert Series. The HDNet Concert Series features leading artists and bands including Paul McCartney, Mariah Carey, John Mayer, Nickelback and more. HDNet also features revealing lifestyle programming featuring "Art Mann Presents," "Girls Gone Wild®," "Deadline" and "Get Out!"

Only HDNet Movies (www.hdnetmovies.com) delivers exclusive Sneak Previews of new movies before they hit theaters. The HDNet Movies Sneak Preview series features top Hollywood stars in critically acclaimed performances including Gwyneth Paltrow, Joaquin Phoenix, Demi Moore, Michael Caine, Tom Hanks, Vera Farmiga, Parker Posey, Brian Cox, Matthew Broderick, Kirsten Dunst, Ryan Gosling, John Malkovich, Emily Blunt, Robin Williams, Charlize Theron and Kim Basinger.

In addition to being the exclusive home of Sneak Previews, HDNet Movies viewers enjoy the best films from the classics of the 1950s-1970s, to favorite films from the 1980s and 1990s, to recently released theatrical films.

HDNet Movies offers subscribers a premium movie viewing experience in true HD, and more original movies shot entirely in HD than any other network.

Launched in 2001 by Mark Cuban and General Manager Philip Garvin, the HDNet networks are available in the U.S. via AT&T U-verse, Charter, Comcast, DIRECTV, DISH Network, Insight, and Verizon FiOS and in Canada via Access Communications, Cogeco, Rogers, Shaw Cable and Shaw Direct.

The HDNet networks can be followed via Facebook at facebook.com/HDNet, facebook.com/HDNetFights and facebook.com/HDNetMovies and via Twitter at twitter.com/hdnet, twitter.com/hdnetfights and twitter.com/hdnetmovies.

SOURCE HDNet

Photo:http://photos.prnewswire.com/prnh/20080324/HDNETLOGO
http://photoarchive.ap.org/
HDNet

CONTACT: Colette Carey of HDNet, +1-303-542-5576, ccarey@hd.net

Web Site: http://www.hd.net

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Lancaster County Convention Center and Marriott at Penn Square to Host LAUNCH Music Conference & Festival

Lancaster County Convention Center and Marriott at Penn Square to Host LAUNCH Music Conference & Festival

LANCASTER, Pa., Feb. 28, 2011 /PRNewswire/ -- The Lancaster County Convention Center and Lancaster Marriott at Penn Square is pleased to host the third annual 'LAUNCH Music Conference & Festival' April 21-24 in Downtown Lancaster, PA. The event will bring together musicians, music industry professionals, and music lovers from all over the world for a weekend of instruction, networking, and entertainment at the Lancaster hotel.

The event is designed to showcase artists ranging from Grammy nominees to high school upstarts, regional touring acts to major label veterans. LAUNCH attracts a wide swath of industry experts who present seminars, serve on panel discussions, and mentor musicians. Virtually every type of music industry contact will be in attendance at the Lancaster convention center: label reps, booking agents, managers, instrument sponsors, publicists, and manufacturers.

LAUNCH also affords a unique experience for fans: a wide array of developing and established artists will perform at various venues throughout the City. In its second year in the spring of 2010, more than 175 acts performed over three nights within a four-block radius in Downtown Lancaster to the absolute delight of local and visiting music fans.

For more information about LAUNCH and to find out how to purchase wristbands, visit www.launchmusicconference.com. To make reservations for Lancaster lodging, visit www.marriottlancaster.com.

About Lancaster Marriott at Penn Square

Experience this brand new, landmark Lancaster hotel featuring friendly elegance, impeccable service, and remarkable architectural and historical elements. Central to Downtown Lancaster and integrated beautifully with a world-class convention center, this luxury hotel in Lancaster County, PA, at historic Penn Square offers amenities discerning Lancaster hotel guests expect. A breathtaking Lancaster, Pennsylvania, hotel lobby invites visitors to view a magnificent interior street. Posh guestrooms feature spectacular views of downtown and offer 37-inch LCD TVs, granite countertops and lavish Lancaster hotel bedding. Scenic rural adventures exist with a refined urban center presenting over 90 art galleries, fine dining, shopping and historic landmarks. Among extraordinary Lancaster, PA, hotels, discover the renowned Lancaster Marriott at Penn Square, where innumerable sites and experiences await.

For more information or to make a reservation, call 888-850-6146, or visit http://www.marriott.com/lnsmc.

SOURCE Lancaster Marriott at Penn Square

Lancaster Marriott at Penn Square

CONTACT: Joshua Nowak, Director of Sales and Marketing, Lancaster Marriott at Penn Square, +1-717-207-4044, josh.nowak@ihrco.com; Laura Duran, President and Principal PR Consultant, Laura Duran & Associates LLC, +1-717-926-4287, laura@lauraduranPR.com

Web Site: http://www.marriott.com/lnsmc

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Profile: intent

Live Nation Entertainment Reports Fourth Quarter and Full Year 2010 Financial Results

Live Nation Entertainment Reports Fourth Quarter and Full Year 2010 Financial Results

LOS ANGELES, Feb. 28, 2011 /PRNewswire/ -- Live Nation Entertainment (NYSE: LYV) released financial results for the three months and year ended December 31, 2010 today.

(Logo: http://photos.prnewswire.com/prnh/20100603/LA14899LOGO)

"During the past year, we completed the merger and integration of the world's leading live entertainment, ticketing and artist management businesses," said Michael Rapino, President and Chief Executive Officer of Live Nation Entertainment. "We have entered 2011 with the strategic benefit of our combined operations focused on executing our plan to maximize ticket sales and improve our operating performance. Our investment priorities center on further building on the value proposition of Ticketmaster.com, one of the world's top five eCommerce sites. We are focused on increasing online ticketing conversion, growing our online advertising business and building out our fan database and CRM resources. While the macro-environment remains challenging given pressure on the consumer, we are encouraged with overall year-to-date ticket sales trends. In addition, the pipeline of artists planning to tour this year is strong and we are taking steps to better price and promote our shows, while carefully managing our costs."

The company will host a teleconference today, February 28, 2011 at 5:00 p.m. Eastern Time, which can be accessed by dialing 888-603-6873 (U.S.) or 973-321-1019 (Int'l) and referencing passcode 40285197. To access the call via webcast, please visit the Investor Relations section of the company's website at www.livenation.com/investors. Please visit the website approximately ten minutes prior to the start time to ensure a connection. Additional statistical and financial information to be provided on the call, if any, will be posted supplementally under that same link. For those who are not available to listen to the live broadcast, a replay will be available shortly after the call on the Live Nation website through March 7, 2011.

Live Nation Entertainment Combined Metrics

In order to give comparable information, metrics below include the results of the legacy Ticketmaster operations, as applicable, for the three months and from the date of the merger (January 25) through December 31 for each of 2010 and 2009.

COMBINED METRICS

(Unaudited)
-----------
Key Drivers Q4 2010 Q4 2009 Variance
------- ------- --------
(Qtr.)
------
CONCERTS
--------
Total Attendance (rounded, est.) 11,497,000 12,439,000 (7.6%)
Total NA Amps Attendance (rounded,
est.) 384,000 412,000 (6.8%)
Total Intl Festival Attendance
(rounded, est.) 36,000 36,000 -
Ancillary Net Revenue per Attendee
-NA Amps $* $* *
Ancillary Net Revenue per Attendee
-Intl Festivals $* $* *
---------------------------------- --- --- ---
SPONSORSHIP/ONLINE
------------------
Online Advertising Revenue (in
millions) $13.8 $12.8 7.8%
Average Revenue per Sponsor
(rounded, whole $) $40,000 $34,000 17.6%
--------------------------- ------- ------- ----

(Unaudited)
-----------
Key Drivers 2010 2009 Variance
---- --- --------
(YTD)
-----
CONCERTS
--------
Total Attendance
(rounded, est.) 47,262,000 52,148,000 (9.4%)
Total NA Amps
Attendance (rounded,
est.) 9,430,000 10,056,000 (6.2%)
Total Intl Festival
Attendance (rounded,
est.) 1,286,000 1,130,000 13.8%
Ancillary Net Revenue
per Attendee -NA Amps $17.57 $17.96 (2.2%)
Ancillary Net Revenue
per Attendee -Intl
Festivals $15.95 $14.81 7.7%
--------------------- ------ ------ ---
SPONSORSHIP/ONLINE
------------------
Online Advertising
Revenue (in millions) $40.5 $36.4 11.3%
Average Revenue per
Sponsor (rounded,
whole $) $204,000 $188,000 8.5%
------------------- -------- -------- ---

*not meaningful due to low activity during the period

TICKETING

(Unaudited; tickets in thousands)
---------------------------------
Primary Ticketing Volume by Category Q4 2010 Q4 2009 Variance
------------------------------------ ------- ------- --------
Ticket Ticket (Qtr.)
------ ------ ------
Volume Volume
------ ------
Totals Totals
------ ------
Concerts 17,106 17,749 (3.6%)
Sports 5,338 5,088 4.9%
Arts & Theater 5,948 6,248 (4.8%)
Family 4,177 3,921 6.5%
Other (1) 1,314 1,369 (4.0%)
--------- ----- ----- ------
Total 33,883 34,375 (1.4%)
----- ------ ------ ------

(Unaudited; tickets in thousands)
---------------------------------
Primary Ticketing Volume by Category FY 2010 FY 2009 Variance
------------------------------------ ------- ------- --------
Ticket Ticket (YTD)
------ ------ -----
Volume Volume
------ ------
Totals Totals
------ ------
Concerts 63,428 70,619 (10.2%)
Sports 22,094 22,378 (1.3%)
Arts & Theater 18,559 21,023 (11.7%)
Family 11,409 11,378 0.3%
Other (1) 4,408 4,362 1.1%
--------- ----- ----- ---
Total 119,898 129,760 (7.6%)
----- ------- ------- ------

(1) Other category includes tickets for comedy shows, parking, audio
and facility tours, donations, lectures and seminars.

In order to give comparable information, the combined results of operations below include the results of the legacy Ticketmaster operations for the three months and from the date of the merger (January 25) through December 31 for each of 2010 and 2009. As reported 2009 includes only Live Nation operations as reported in 2009.

FINANCIAL HIGHLIGHTS - 4th QUARTER and FULL YEAR
------------------------------------------------
(Unaudited; $ in millions)
--------------------------

COMBINED
Q4 2010 Q4 2009 Growth
------- ------- ------

Revenue
Concerts $790.3 $752.7 5.0%
Ticketing 305.2 332.2 (8.1%)
Artist Nation 93.0 120.5 (22.8%)
eCommerce 25.1 28.4 (11.6%)
Sponsorship 32.1 29.1 10.3%
Other & Eliminations (7.9) 0.2 **
---- --- ---
$1,237.8 $1,263.1 (2.0%)
======== ======== ======

Adjusted Operating
Income (Loss)
Concerts $(28.3) $(1.2) **
Ticketing 56.3 57.8 (2.6%)
Artist Nation 14.0 22.2 (36.9%)
eCommerce 11.8 13.5 (12.6%)
Sponsorship 20.0 15.6 28.2%
Other & Eliminations 0.1 0.1 -
Corporate (17.1) (20.8) 17.8%
----- ----- ----
$56.8 $87.2 (34.9%)
===== ===== =======

Operating Income (Loss)
Concerts $(90.1) $(49.4) (82.4%)
Ticketing 4.2 35.8 **
Artist Nation 0.3 3.5 **
eCommerce 9.7 10.8 (10.2%)
Sponsorship 19.9 15.5 28.4%
Other & Eliminations (1.0) 0.1 **
Corporate (22.6) (25.5) 11.4%
----- ----- ----
$(79.6) $(9.2) **
====== ===== ===

Acquisition Expenses $6.5 $20.5
---- -----
$(86.1) $(29.7)
====== ======

COMBINED
FY FY Growth
--- --- ------
2010 2009
--- ---

Revenue
Concerts $3,438.4 $3,704.3 (7.2%)
Ticketing 1,039.9 1,188.6 (12.5%)
Artist Nation 362.2 452.8 (20.0%)
eCommerce 87.9 89.6 (1.9%)
Sponsorship 161.7 162.4 (0.4%)
Other & Eliminations (26.4) (13.6) **
----- ----- ---
$5,063.7 $5,584.1 (9.3%)
======== ======== ======

Adjusted Operating
Income (Loss)
Concerts $15.4 $99.8 (84.1%)
Ticketing 231.3 215.4 7.4%
Artist Nation 46.5 64.1 (27.5%)
eCommerce 36.2 38.7 (6.5%)
Sponsorship 108.1 97.0 11.4%
Other & Eliminations (0.3) 1.1 **
Corporate (74.4) (87.7) 15.2%
----- ----- ----
$362.8 $428.4 (15.3%)
====== ====== =======

Operating Income (Loss)
Concerts $(130.5) $(44.7) **
Ticketing 82.6 122.5 (32.6%)
Artist Nation (5.2) 1.2 **
eCommerce 28.4 29.4 (3.4%)
Sponsorship 107.4 96.7 11.1%
Other & Eliminations 0.3 0.8 (62.5%)
Corporate (103.8) (102.7) (1.1%)
------ ------ ------
$(20.8) $103.2 **
====== ====== ===

Acquisition Expenses $42.9 $63.5
----- -----
$(63.7) $39.7
====== =====

AS REPORTED 2009
Q4 2009 FY
------- ---
2009
----

Revenue
Concerts $752.7 $3,704.3
Ticketing 9.7 61.6
Artist Nation 57.8 251.5
eCommerce 5.2 16.2
Sponsorship 28.7 161.0
Other & Eliminations 0.2 (13.6)
--- -----
$854.3 $4,181.0
====== ========

Adjusted Operating
Income (Loss)
Concerts $(1.2) $99.8
Ticketing (1.1) 9.5
Artist Nation 4.7 12.9
eCommerce (0.5) (4.3)
Sponsorship 15.4 95.9
Other & Eliminations - 0.9
Corporate (13.8) (50.2)
----- -----
$3.5 $164.5
==== ======

Operating Income (Loss)
Concerts $(49.4) $(44.7)
Ticketing (3.7) (1.1)
Artist Nation 1.6 2.6
eCommerce (1.9) (9.7)
Sponsorship 15.2 95.6
Other & Eliminations - 0.6
Corporate (16.7) (59.7)
----- -----
$(54.9) $(16.4)
====== ======

Acquisition Expenses $9.5 $36.0
---- -----
$(64.4) $(52.4)
====== ======

** percentages are not meaningful

Free cash as of December 31, 2010 was $369.2 million. Free cash flow was ($12.9) million for the fourth quarter of 2010 as compared to $22.7 million on a combined basis for the same period in 2009, and $164.8 million for the year ended December 31, 2010 as compared to $185.8 million on a combined basis for the same period of last year.

About Live Nation Entertainment:

Live Nation Entertainment is the world's leading live entertainment and eCommerce company, comprised of four market leaders: Ticketmaster.com, Live Nation Concerts, Front Line Management Group and Live Nation Network. Ticketmaster.com is the global event ticketing leader and one of the world's top five eCommerce sites, with over 26 million monthly unique visitors. Live Nation Concerts produces over 20,000 shows annually for more than 2,000 artists globally. Front Line is the world's top artist management company, representing over 250 artists. These businesses power Live Nation Network, the leading provider of entertainment marketing solutions, enabling nearly 800 advertisers to tap into the 200 million consumers Live Nation delivers annually through its live event and digital platforms. For additional information, visit www.livenation.com/investors.

LIVE NATION ENTERTAINMENT, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS

Year Ended December 31,
-----------------------

2010 2009 2008
--- ---- ----
(in thousands except share and per
share data)
Revenue $5,063,748 $4,181,021 $4,085,306
Operating expenses:
Direct operating expenses 3,658,310 3,357,245 3,299,444
Selling, general and
administrative expenses 1,014,491 617,709 618,577
Depreciation and
amortization 321,666 158,118 140,039
Goodwill impairment - 9,085 269,902
Loss (gain) on sale of
operating assets 374 (2,983) 1,131
Corporate expenses 110,252 58,160 53,506
Acquisition transaction
expenses 22,355 36,043 -
------ ------ ---

Operating loss (63,700) (52,356) (297,293)

Interest expense 116,527 66,365 70,104
Loss on extinguishment of
debt 21,315 - -
Interest income (3,771) (2,193) (8,575)
Equity in earnings of
nonconsolidated affiliates (4,928) (1,851) (842)
Other expense (income)-net (4,189) 1 (245)
------ --- ----

Loss from continuing
operations before income
taxes (188,654) (114,678) (357,735)
Income tax expense
(benefit):
Current 40,175 19,584 (28,355)
Deferred (25,021) (8,251) 4,098

Loss from continuing
operations (203,808) (126,011) (333,478)
Income (loss) from
discontinued operations,
net of tax (4,228) 76,277 95,653

Net loss (208,036) (49,734) (237,825)
Net income attributable to
noncontrolling interests 20,354 10,445 1,587
------ -----
Net loss attributable to
Live Nation Entertainment,
Inc $(228,390) $(60,179) $(239,412)
========= ======== =========

Basic and diluted net loss
per common share
attributable to common
stockholders:
Loss from continuing
operations attributable to
Live Nation Entertainment,
Inc $(1.36) $(1.65) $(4.39)
Income (loss) from
discontinued operations
attributable to Live
Nation Entertainment, Inc (0.03) 0.92 1.25

Net loss attributable to
Live Nation Entertainment,
Inc $(1.39) $(0.73) $(3.14)
====== ====== ======

Weighted average common
shares outstanding:

Basic 164,410,167 82,652,366 76,228,275
Diluted 164,410,167 82,652,366 76,228,275

LIVE NATION ENTERTAINMENT, INC.
CONSOLIDATED BALANCE SHEETS

December 31,
------------
2010 2009
---- ----
(in thousands except
share data)
ASSETS
Current assets
Cash and cash equivalents $892,758 $236,955
Accounts receivable, less allowance of
$10,898 in 2010 and $8,230 in 2009 329,947 176,179
Prepaid expenses 348,309 277,599
Other current assets 32,483 27,133
------ ------
Total current assets 1,603,497 717,866
Property, plant and equipment
Land, buildings and improvements 850,124 875,958
Computer equipment and capitalized
software 218,294 131,875
Furniture and other equipment 168,508 156,756
Construction in progress 24,528 17,398
------ ------

1,261,454 1,181,987
Less accumulated depreciation 524,390 432,003
------- -------

737,064 749,984
Intangible assets
Definite-lived intangible assets-net 997,268 442,641
Indefinite-lived intangible assets 375,214 28,248
Goodwill 1,226,416 204,672
Investments in nonconsolidated affiliates 30,077 2,077
Other long-term assets 226,024 196,271
------- -------

Total assets $5,195,560 $2,341,759
========== ==========

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable, client accounts $462,301 $-
Accounts payable 76,876 50,844
Accrued expenses 498,864 357,138
Deferred revenue 335,539 284,536
Current portion of long-term debt 54,150 41,032
Other current liabilities 46,491 18,684
------ ------

Total current liabilities 1,474,221 752,234

Long-term debt, net 1,677,714 699,037
Long-term deferred income taxes 219,143 30,480
Other long-term liabilities 215,273 94,567
Series A and Series B redeemable preferred
stock - 40,000

Redeemable noncontrolling interests 107,541 -

Stockholders' equity
Preferred stock-Series A Junior
Participating, $.01 par value; 20,000,000
shares authorized; no shares issued and
outstanding - -
Preferred stock, $.01 par value;
30,000,000 shares authorized; no shares
issued and outstanding - -
Common stock, $.01 par value; 450,000,000
shares authorized; 175,418,857 and
86,708,627 shares issued and outstanding
in 2010 and 2009, respectively 1,724 860
Additional paid-in capital 2,053,233 1,090,572
(433,785
Accumulated deficit (662,175) )
Cost of shares held in treasury (1,271,519
and 2,260,260 shares in 2010 and 2009,
respectively) (6,122) (9,529 )
Accumulated other comprehensive income
(loss) (22,244) 4,199
------- -----

Total Live Nation Entertainment, Inc.
stockholders' equity 1,364,416 652,317
Noncontrolling interests 137,252 73,124
------- ------
Total stockholders' equity 1,501,668 725,441
--------- -------
Total liabilities and stockholders' equity $5,195,560 $2,341,759
========== ==========

LIVE NATION ENTERTAINMENT, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS

Year Ended December 31,
-----------------------
2010 2009 2008
---- ---- ----
(in thousands)
CASH FLOWS FROM OPERATING
ACTIVITIES
Net loss $(208,036) $(49,734) $(237,825)
Reconciling items:
Depreciation 135,573 98,108 86,059
Amortization of
intangibles 186,093 64,586 62,163
Goodwill impairment - 9,085 282,939
Impairment of operational
assets 13,373 - 16,035
Deferred income tax
expense (benefit) (25,021) (8,698) 3,601
Amortization of debt
issuance costs 4,682 4,224 3,616
Amortization of debt
discount/premium, net 6,755 8,811 7,995
Provision for
uncollectible accounts
receivable and advances 6,606 7,044 4,686
Non-cash loss on
extinguishment of debt
. 8,272 - -
Non-cash and stock-based
compensation expense 52,395 16,675 34,556
Unrealized changes in fair
value contingent
consideration 3,171 - -
Loss (gain) on sale of
operating assets 4,602 (64,237) (165,448)
Equity in earnings of
nonconsolidated
affiliates (4,928) (3,117) (720)
Changes in operating
assets and liabilities,
net of effects of
acquisitions and
dispositions:
Decrease (increase) in
accounts receivable (4,581) 27,608 (1,769)
Increase in prepaid
expenses (22,570) (57,918) (25,603)
Increase in other assets (41,686) (2,945) (108,163)
Increase (decrease) in
accounts payable, accrued
expenses and other
liabilities 386 (4,586) (53,739)
Increase in deferred
revenue 43,432 12,369 28,984
------ ------ ------
Net cash provided by (used
in) operating activities 158,518 57,275 (62,633)

CASH FLOWS FROM INVESTING
ACTIVITIES
Collections and advances
of notes receivable 475 140 334
Distributions from
nonconsolidated
affiliates 5,863 5,134 7,269
Investments made in
nonconsolidated
affiliates (884) (821) (250)
Purchases of property,
plant and equipment (75,578) (64,267) (186,217)
Proceeds from disposal of
operating assets, net of
cash divested 35,756 174,321 198,665
Cash paid for
acquisitions, net of cash
acquired 488,957 (9,707) (19,657)
Purchases of intangible
assets (1,790) (27,863) (65,460)
Decrease (increase) in
other-net 188 544 (1,577)
--- --- ------
Net cash provided by (used
in) investing activities 452,987 77,481 (66,893)

CASH FLOWS FROM FINANCING
ACTIVITIES
Proceeds from long-term
debt, net of debt
issuance costs 1,352,856 602,741 420,327
Payments on long-term
debt (1,233,020) (705,795) (369,610)
Redemption of preferred
stock (40,000) - -
Contributions from
noncontrolling interest
partners 429 13 8,847
Distributions to and
purchases/sales from
noncontrolling interest
partners (21,625) (7,006) (3,042)
Proceeds from exercise of
stock options 8,640 - 636
Issuance of treasury stock - 1,553 5,454
Equity issuance costs (357) (2,667) -
Payments for purchases of
common stock (1,567) (5,803) (28,628)
Payments for deferred and
contingent consideration
. (16,270) (7,392) -
------- ------ ---

Net cash provided by (used
in) financing activities 49,086 (124,356) 33,984
Effect of exchange rate
changes on cash and cash
equivalents 4,788 26,895 (43,789)
----- ------ -------

Net increase (decrease) in
cash and cash equivalents 655,803 37,295 (139,331)
Cash and cash equivalents
at beginning of period 236,955 199,660 338,991
------- ------- -------
Cash and cash equivalents
at end of period $892,758 $236,955 $199,660
======== ======== ========

Forward-Looking Statements, Non-GAAP Financial Measures and Reconciliations:

Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements regarding plans to maximize ticket sales and improve operating performance; the company's current investment priorities; anticipated increases to online ticketing conversion; anticipated growth in the company's online advertising business and related resources; overall year-to-date ticket sales trends; the company's anticipated artist pipeline for 2011; and better pricing and promotion of events and cost management. Live Nation wishes to caution you that there are some known and unknown factors that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements, including but not limited to operational challenges in achieving strategic objectives and executing on the company's plans, the risk that the company's markets do not evolve as anticipated, challenges related to the post-merger integration of Live Nation and Ticketmaster, the potential impact of the economic slowdown and operational challenges associated with selling tickets and staging events.

Live Nation refers you to the documents it files from time to time with the U.S. Securities and Exchange Commission, or SEC, specifically the section titled "Item 1A. Risk Factors" of the company's most recent Annual Report filed on Form 10-K and Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K, which contain and identify other important factors that could cause actual results to differ materially from those contained in the company's projections or forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date on which they are made. All subsequent written and oral forward-looking statements by or concerning Live Nation are expressly qualified in their entirety by the cautionary statements above. Live Nation does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise.

This press release contains certain non-GAAP financial measures as defined by SEC Regulation G. A reconciliation of each such measure to its most directly comparable GAAP financial measure, together with an explanation of why management believes that these non-GAAP financial measures provide useful information to investors, is provided below.

Adjusted Operating Income (Loss), or AOI, is a non-GAAP financial measure that the company defines as operating income (loss) before acquisition expenses (including transaction costs, changes in the fair value of accrued acquisition-related contingent consideration arrangements, merger bonuses, payments under the Azoff Trust note and merger-related severance), depreciation and amortization (including goodwill impairments), loss (gain) on sale of operating assets and non-cash and certain stock-based compensation expense (including expense associated with grants of certain stock-based awards which are classified as liabilities). The company uses AOI to evaluate the performance of its operating segments. The company believes that information about AOI assists investors by allowing them to evaluate changes in the operating results of the portfolio of the businesses separate from non-operational factors that affect net income, thus providing insights into both operations and the other factors that affect reported results. AOI is not calculated or presented in accordance with GAAP. A limitation of the use of AOI as a performance measure is that it does not reflect the periodic costs of certain amortizing assets used in generating revenue in the company's business. Accordingly, AOI should be considered in addition to, and not as a substitute for, operating income (loss), net income (loss), and other measures of financial performance reported in accordance with GAAP. Furthermore, this measure may vary among other companies; thus, AOI as presented herein may not be comparable to similarly titled measures of other companies.

Free Cash Flow is a non-GAAP financial measure that the company defines as Adjusted Operating Income (Loss) less maintenance capital expenditures, less net cash interest expense, less cash taxes, less net distributions to minority interest partners, plus distributions from investments in nonconsolidated affiliates net of contributions to investments in nonconsolidated affiliates. The company uses free cash flow, among other measures, to evaluate the ability of its operations to generate cash that is available for purposes other than maintenance capital expenditures. The company believes that information about free cash flow provides investors with an important perspective on the cash available to service debt and make acquisitions. Free cash flow is not calculated or presented in accordance with GAAP. A limitation of the use of free cash flow as a performance measure is that it does not necessarily represent funds available for operations and is not necessarily a measure of the company's ability to fund its cash needs. Accordingly, free cash flow should be considered in addition to, and not as a substitute for, operating income (loss) and other measures of financial performance reported in accordance with GAAP. Furthermore, this measure may vary among other companies; thus, free cash flow as presented herein may not be comparable to similarly titled measures of other companies.

Free Cash is a non-GAAP financial measure that the company defines as cash and cash equivalents less ticketing-related client funds, less event-related deferred revenue, less accrued expenses due to artists and for cash collected on behalf of others for ticket sales, plus event-related prepaids. The company uses free cash as a proxy for how much cash it has available to, among other things, optionally repay debt balances, make acquisitions and finance venue and other revenue generating capital expenditures. Free cash is not calculated or presented in accordance with GAAP. A limitation of the use of free cash as a performance measure is that it does not necessarily represent funds available from operations and it is not necessarily a measure of our ability to fund our cash needs. Accordingly, free cash should be considered in addition to, and not as a substitute for, cash and cash equivalents and other measures of financial performance reported in accordance with GAAP. Furthermore, this measure may vary among other companies; thus, free cash as presented herein may not be comparable to similarly titled measures of other companies.

Reconciliations of Non-GAAP Measures to Their Most Directly
Comparable GAAP Measures (Unaudited)

COMBINED RESULTS
----------------
Reconciliation of Adjusted Operating Income (Loss) to Operating
Income (Loss)
---------------------------------------------------------------

Non-cash
Adjusted and stock- Loss (gain)
operating based on sale of
income compensation operating
(loss) expense assets

Three months ended December 31, 2010
------------------------------------

Concerts $(28.3) $5.4 $(2.8)
Ticketing 56.3 1.3 -
Artist Nation 14.0 3.0 -
eCommerce 11.8 (0.1) -
Sponsorship 20.0 - -
Other &
Eliminations 0.1 - -
Corporate (17.1) 5.1 -
----- --- ---
Total Live Nation $56.8 $14.7 $(2.8)
===== ===== =====

($ in millions)
Depreciation Operating
And Acquisition income
amortization expenses (loss)

Three months ended December 31, 2010
------------------------------------

Concerts $59.2 $0.3 $(90.4)
Ticketing 50.8 0.9 3.3
Artist Nation 10.7 0.4 (0.1)
eCommerce 2.2 (0.2) 9.9
Sponsorship 0.1 0.1 19.8
Other &
Eliminations 1.1 - (1.0)
Corporate 0.4 5.0 (27.6)
--- --- -----
Total Live Nation $124.5 $6.5 $(86.1)
====== ==== ======

Non-cash
Adjusted and stock- Loss (gain)
operating based on sale of
income compensation operating
(loss) expense assets

Three months ended December 31, 2009
------------------------------------

Concerts $(1.2) $4.9 $(1.9)
Ticketing 57.8 (1.0) -
Artist Nation 22.2 3.6 -
eCommerce 13.5 0.1 -
Sponsorship 15.6 - -
Other &
Eliminations 0.1 - (0.1)
Corporate (20.8) 3.4 -
----- --- ---
Total Live Nation $87.2 $11.0 $(2.0)
===== ===== =====

($ in millions)
Depreciation Operating
And Acquisition income
amortization expenses (loss)

Three months ended December 31, 2009
------------------------------------

Concerts $45.2 $0.3 $(49.7)
Ticketing 23.0 - 35.8
Artist Nation 15.1 - 3.5
eCommerce 2.6 - 10.8
Sponsorship 0.1 - 15.5
Other &
Eliminations 0.1 0.1 -
Corporate 1.3 20.1 (45.6)
--- ---- -----
Total Live Nation $87.4 $20.5 $(29.7)
===== ===== ======

Non-cash
Adjusted and stock- Loss (gain)
operating based on sale of
income compensation operating
(loss) expense assets

Year ended December 31, 2010
Concerts $15.4 $11.6 $(4.8)
Ticketing 231.3 12.0 5.2
Artist Nation 46.5 10.2 -
eCommerce 36.2 0.3 -
Sponsorship 108.1 0.4 -
Other &
Eliminations (0.3) - -
Corporate (74.4) 27.1 -
----- ---- ---
Total Live Nation $362.8 $61.6 $0.4
====== ===== ====

($ in millions)
Depreciation Operating
And Acquisition income
amortization expenses (loss)

Year ended December 31, 2010
Concerts $139.1 $(2.0) $(128.5)
Ticketing 131.5 8.3 74.3
Artist Nation 41.5 7.5 (12.7)
eCommerce 7.5 0.6 27.8
Sponsorship 0.3 0.2 107.2
Other &
Eliminations (0.6) - 0.3
Corporate 2.3 28.3 (132.1)
--- ---- ------
Total Live Nation $321.6 $42.9 $(63.7)
====== ===== ======

Non-cash
Adjusted and stock- Loss (gain)
operating based on sale of
income compensation operating
(loss) expense assets

Year ended December 31, 2009
Concerts $99.8 $8.7 $(3.0)
Ticketing 215.4 3.7 -
Artist Nation 64.1 14.7 -
eCommerce 38.7 0.4 -
Sponsorship 97.0 - -
Other &
Eliminations 1.1 - -
Corporate (87.7) 12.6 -
----- ---- ---
Total Live Nation $428.4 $40.1 $(3.0)
====== ===== =====

($ in millions)
Depreciation Operating
And Acquisition income
amortization expenses (loss)

Year ended December 31, 2009
Concerts $138.8 $1.1 $(45.8)
Ticketing 89.2 - 122.5
Artist Nation 48.2 - 1.2
eCommerce 8.9 - 29.4
Sponsorship 0.3 - 96.7
Other &
Eliminations 0.3 0.1 0.7
Corporate 2.4 62.3 (165.0)
--- ---- ------
Total Live Nation $288.1 $63.5 $39.7
====== ===== =====

AS REPORTED RESULTS
-------------------
Reconciliation of Adjusted Operating Income (Loss) to Operating
Income (Loss)
---------------------------------------------------------------

Three months ended December 31, 2009
------------------------------------

Concerts $(1.2) $4.9 $(1.9) $45.2 $0.3 $(49.7)
Ticketing (1.1) 0.1 - 2.5 - (3.7)
Artist Nation 4.7 - - 3.1 - 1.6
eCommerce (0.5) - - 1.4 - (1.9)
Sponsorship 15.4 - - 0.2 - 15.2
Other &
Eliminations - - (0.1) 0.1 - -
Corporate (13.8) 1.7 - 1.2 9.2 (25.9)
----- --- --- --- --- -----
Total Live Nation $3.5 $6.7 $(2.0) $53.7 $9.5 $(64.4)
==== ==== ===== ===== ==== ======

Year ended December 31, 2009
----------------------------

Concerts $99.8 $8.7 $(3.0) $138.8 $1.1 $(45.8)
Ticketing 9.5 0.3 - 10.3 - (1.1)
Artist Nation 12.9 0.3 - 10.0 - 2.6
eCommerce (4.3) 0.2 - 5.2 - (9.7)
Sponsorship 95.9 - - 0.3 - 95.6
Other &
Eliminations 0.9 - - 0.3 - 0.6
Corporate (50.2) 7.2 - 2.3 34.9 (94.6)
----- --- --- --- ---- -----
Total Live Nation $164.5 $16.7 $(3.0) $167.2 $36.0 $(52.4)
====== ===== ===== ====== ===== ======

Reconciliation of Adjusted Operating Income (Loss) to Free Cash Flow
--------------------------------------------------------------------

Reported Combined Reported
-------- -------- --------
Q4 2010 Q4 2009 Q4 2009
------- ------- -------
Adjusted operating income $56.8 $87.2 $3.5
Less: Cash interest expense-net (14.7) (24.9) (11.8)
Cash taxes (32.8) (24.5) (2.2)
Maintenance capital expenditures (17.5) (9.2) (3.0)
Distributions to noncontrolling
interest partners (4.5) (9.8) (6.2)
Distributions from
(contributions to) investments
in nonconsolidated affiliates (0.2) 3.9 2.9
---- --- ---
Free cash flow $(12.9) $22.7 $(16.8)
Revenue generating capital
expenditures (7.8) (12.9) (8.8)
---- ----- ----
Net $(20.7) $9.8 $(25.6)
--- ------ ---- ------

($ in millions) Reported Combined Reported
FY 2010 FY 2009 FY 2009
Adjusted operating income $362.8 $428.4 $164.5
Less: Cash interest expense-net (89.9) (107.8) (51.2)
Cash taxes (50.6) (81.3) (34.8)
Maintenance capital expenditures (47.5) (44.7) (16.9)
Distributions to noncontrolling
interest partners (15.0) (16.9) (7.0)
Distributions from
(contributions to) investments
in nonconsolidated affiliates 5.0 8.1 4.3
--- --- ---
Free cash flow $164.8 $185.8 $58.9
Revenue generating capital
expenditures (26.4) (52.8) (34.3)
----- ----- -----
Net $138.4 $133.0 $24.6
--- ------ ------ -----

Reconciliation of Cash and Cash Equivalents to Free Cash
--------------------------------------------------------

($ in millions) December 31,
2010
Cash and cash equivalents $892.8
Client cash (384.5)
Deferred revenue-event related (309.0)
Accrued artist fees (7.2)
Collections on behalf of others (44.4)
Prepaids related to artist
settlements/events 221.5
-----
Free cash $369.2
--------- ------

SOURCE Live Nation Entertainment

Photo:http://photos.prnewswire.com/prnh/20100603/LA14899LOGO
http://photoarchive.ap.org/
Live Nation Entertainment

CONTACT: Linda Bandov Pazin of Live Nation, +1-310-867-7000, lindabandov@livenation.com

Web Site: http://www.livenation.com

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