SBD/March 20, 2013/Finance

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  • AEG Ready To Make Acquisitions With Focus On Venues, Ticketing

    AEG Chair Philip Anschutz is “prepping a fresh acquisition strategy for AEG Worldwide,” according to Claire Atkinson of the N.Y. POST. Anschutz and his execs are “huddling to finalize a strategy on how best to grow AEG at home and abroad.” Sources said that the plan “could include the possible purchase of Live Nation’s Foxwoods Theatre on 42nd Street” in N.Y. A source said, “They have big international expansion plans for venues and ticketing.” AEG also is “looking at concert venues and theaters in New York and similar assets as far afield as Australia and China” (N.Y. POST, 3/20). Meanwhile, in DC, Thomas Heath reports the Washington Examiner “will cease its daily print edition in June, to be replaced by a free weekly opinion magazine designed to appeal to Washington’s academic and political elites.” The paper’s owner, Denver-based Clarity, is owned by Anschutz. He reportedly will “launch a new company in the Washington area to publish the new magazine” (WASHINGTON POST, 3/20).

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