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This is what happens when you buy into the stock market at just the wrong time. You might recall that as part of her mega-deal with L.A.-based Live Nation, Madge received 1.17 million shares of the company's stock - at roughly $21.30 a share. Call it $25 million. Live Nation is now trading at $11.78 and as Silicon Alley Insider's Peter Kafka points out her stake is worth $13.8 million. Investors have been turned off by Live Nation's strategy of going after big-name artists.
More by Mark Lacter:
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.