Pearl Jam to Headline Lollapalooza

The loud and persistent rumors that Pearl Jam would finally be playing the Bonnaroo festival never quite materialized. But Sun-Times critic Jim DeRogatis broke the news today that the grunge legends will headline Lollapalooza.

The major headliner for year three of the retooled Lollapalooza concert will be none other than the band that became the breakout superstar of the old Lollapalooza back in 1992: Seattle’s godfathers of grunge, Pearl Jam.

The three-day concert will take place in Grant Park from Aug. 3-5, and Lollapalooza promoters don’t plan on announcing the 130-band lineup or putting tickets on sale for several weeks, until late March or early April. They declined to comment on any of the acts Wednesday.

Nevertheless, three concert industry sources confirmed that fans may expect Evanston native Eddie Vedder and his band to perform on Chicago’s lakefront as part of a U.S. tour that will follow a European jaunt that has already been announced in June, and which includes several major music festivals.

Hey, where’s the ubiquitous blogging euphoria on that bit of news, folks?