March 9 (Reuters) - Live Nation Entertainment has reached a settlement with the U. S. Justice Department that allows the concert promoter to retain Ticketmaster, Politico reported on Monday, citing people familiar with the matter.

NEW YORK (AP) -- A U. S. Justice Department lawyer told jurors at a civil antitrust trial Tuesday that the concert industry is broken because Ticketmaster and its parent Live Nation Entertainment have monopolized the market, driving up prices for consumers, but the companies say the government's wrong.

10 more states are joining the Department of Justice's anti-trust lawsuit against Ticketmaster and Live Nation. Kid Rock is sounding off on the concert retail industry.