[Former LiveNation CEO Michael Cohl]

Co-editor Jason is away on vacation, so that leaves yours truly to deliver this week's "For Immediate Release Fridays," our weekend look at the buried bad news uploaded to the wires on Friday night.

Got bad news? Make it public on Friday at 5pm. People will care less, trust us.

In this edition:

Music industry bohemoth Live Nation announces that Michael Cohl has transitioned to a consultant role from his post as Chief Executive Officer.

A new economic report from the U.S. Conference of Mayors Annual Meeting in Miami reveals that U.S. economic growth for 2008 has weakened considerably, while unemployment and consumer prices have risen sharply.

The Schwarzenegger Administration, in an eleventh hour move, took action to delay a hearing on a temporary restraining order (TRO) sought by eight retail community pharmacies to stop the ten percent Medi-Cal provider cuts from taking effect on July 1, 2008