U.K. Unfazed As Clear Channel Approaches MFG

Date: April 27, 2005

Die-hard fans of independent festivals may bemoan Clear Channel's ever-growing dominance of the U.K. music festival market but the industry was generally not surprised by the recent announcement that the U.S. giant promoter looks close to buying a 34.9 percent stake in its main European rival, Mean Fiddler Group (MFG).

"It doesn't affect any of us," said Harvey Goldsmith, a legendary concert promoter in the UK who owns Harvey Goldsmith Production and ...