ECON 5310 Week 4 Assignment 1. Clear Channel, an owner of multiple radio stations with the Top 40 format, recently bought rock concert promoter Live Nation. How would this affect prices for concert tickets or rates for radio programming? As a result of this acquisition, Live Nation will now receive exposure to various parts of the country as a result of Clear Channel owning a diverse Top 40 line up. This will result in an increase in prices of tickets due to a rise in the demand for the concert tickets