This from CMU:
According to The Sun, Bono is planning to mark the twentieth anniversary of Live Aid next year by staging another major charity music event in the UK, this time with the aim of easing Third World debt.
According to the paper, Bono has the backing of Tony Blair in a bid to stage a second edition of the legendary 1985 concert where performances from the likes of Queen and David Bowie helped to raise tens of millions for famine relief in Africa. The paper reckons London's Hyde Park or Knebworth would be first choice venues for such an event, and that more details about the event will be confirmed later this week.
It seems that Sir Bob is not involved in the second Live Aid. It would be rather odd to organise a Live Aid without Geldof. After all, Geldof is as outspoken about third world debt and African development as anyone. It will be interesting to see if this LAII actually goes ahead.