It's always good to see a company show focus. Continuing its pledge to sell non-core assets and invest in music-related assets, Live Nation announced today it has completed the sale of its motor sports division to Feld Entertainment for $205 million (which includes a $30 million earn out). From the press release:

The company will use the net proceeds from the sale to repay borrowings under its revolving credit facility, to permanently reduce a portion of its term loan and to invest in its core music business.

Since 2006, the company has sold assets for a total of $465 million. Some of those assets were venues, such as the Starwood Amphitheater outside of Nashville, TN, and nearly all of its theatrical business for $90.4 million.

It has been a hectic year for Live Nation. Assets sold. A chairman gone. Speculation about the cost and potential of multi-rights deals. A recorded music division up in the air. A stock price that dropped sharply but has made up some ground. An encouraging Q2 in a tough economic climate.