According to the Los Angeles Business Journal, Barry Diller has resigned from his post as chairman of Live Nation Entertainment. Diller will maintain his board seat with the company while director John Malone has been named interim chairman.
Rumors of Diller’s departure had been swirling for weeks before he officially stepped down at a board meeting last Thursday. Diller directed the Ticketmaster-Live Nation merger in January, however he and Malone had conflicting ideas on the direction of the new company.
Live Nation said Malone will remain in the interim position while the company searches for a new chairman.