The Wall Street Journal's Ethan Smith has been closely following an internal rift over Live Nation's multi-million, multi-rights deals (a la $120 for Madonna). Today came an article that claims Live Nation chairman Michael Cohl is attempting to negotiate an exit from the company. Smith reported on the struggle last week. Cohl wanted to sign more of the deals. CEO Michael Rapino wanted to slow their pace.

After watching the feud escalate last week, the company's board directed Mr. Cohl and the company's management to work out their differences quickly. That resolution appears likely to include an agreement as soon as next week on Mr. Cohl's departure, these people said.

If Cohl leaves, expect Live Nation to sign fewer big deals. It's for the best. The company should get a few wins under its belt before making more of the commitments.