LETTER FROM IRVING

Great news!

I wanted to let you know before the media circus starts - - We have just completed a historic transaction that will transform the business.

As of today, I will serve as CEO of Ticketmaster, as well as continue in my current position as both CEO of Front Line Management and confidante to the stars.

Needless to say, this is a very exciting and groundbreaking venture that will enable us to offer unmatched programs, and afford endless opportunities for our artists, managers and fans.

I look forward to sharing our plans with each of you.

Irving