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Live Nation Entertainment (NYSE:LYV) has appointed Greg Maffei, the CEO of Liberty Media (NASDAQ:LMCA), its largest shareholder, as chairman of its board of directors. Liberty Media currently holds 52 million shares, or about 27 percent, of Live Nation Entertainment, and Maffei has held a position on Live Nation’s board since 2011. He takes over from Irving Azoff, who was the architect of the company’s 2010 merger with Ticketmaster. Azoff left in December to start his own business.