Here at TechCrunch Disrupt we do things in realtime. So when news starting breaking that IAC CEO Barry Diller was stepping down as chairman of the board of Live Nation, we did the obvious thing: we asked him.

Diller took the stage at Disrupt this morning to speak with our own Michael Arrington. We we brought up the Live Nation rumor, Diller said that he did tell the rest of the board that by the end of the year, they should start looking for a new Chairman. But he also said that there was “no rush” to do this.

In other words, he seems to be saying that reports of him immediately leaving the board in a huff are incorrect. He did say that another board member clearly leaked about an hour after the talk for some reason, which he was a bit confused by, but he’s not mad about it.

Diller implied that he’s simply on too many boards already (he’s on five) and that he doesn’t have much to add to Live Nation’s board, in his view.

Diller became the Chairman of the group after Live Nation merged with Ticketmaster in February (IAC has a stake in Ticketmaster).