Live Nation CEO Michael Rapino was interviewed in CNBC (video, via Ticket News). Executives on financial news programs don't do much more than rehash the company line, but Rapino did admit Live Nation will "take some time to put some numbers on the board" and win back the faith of investors.

Rapino said Live Nation is having a "great summer" and its numbers are the same as last year. Funny that he said of the company's stock since the Madonna deal was announced, "We got hit by everything at that point. The market started to collapse. So I don't know what part was Madonna and what part was the market."

Truthfully, Live Nation, like many media/entertainment stocks, is faring much worse than the market. News of the Madonna deal broke on October 10, 2007. Live Nation closed at $23.68 the prior day. It closed yesterday at $11.24. That's a decline of 52.5%. (It's hard to say what part of that decline is due to Madonna and what can be attributed to the deals with U2, Jay-Z, Shakira and Nickelback.) During that span, the Dow has dropped 18.8% and the Nasdaq is down 18.6%. And I'll throw in Warner Music Group, which lost Madonna to Live Nation. WMG is down 31.1% since October 9.