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Robert F X

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BUSINESS
May 29, 2010 | By Joe Flint, Los Angeles Times
The next winner of "American Idol" might walk off with the biggest prize yet: the show itself. A bidding war may be on the horizon for CKX Inc., the media and entertainment company whose holdings include 19 Entertainment, producer of the Fox hit "American Idol," as well as a majority stake in Elvis Presley's Graceland mansion. Simon Fuller, the creator of "American Idol" who until earlier this year was a senior executive and board member at the company, is the latest to throw his hat into the ring over the fate of CKX. Fuller is teaming up with financier and former Barclays banker Roger Jenkins on a $600-million bid for CKX, a person close to the situation said.
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BUSINESS
May 29, 2010 | By Joe Flint, Los Angeles Times
The next winner of "American Idol" might walk off with the biggest prize yet: the show itself. A bidding war may be on the horizon for CKX Inc., the media and entertainment company whose holdings include 19 Entertainment, producer of the Fox hit "American Idol," as well as a majority stake in Elvis Presley's Graceland mansion. Simon Fuller, the creator of "American Idol" who until earlier this year was a senior executive and board member at the company, is the latest to throw his hat into the ring over the fate of CKX. Fuller is teaming up with financier and former Barclays banker Roger Jenkins on a $600-million bid for CKX, a person close to the situation said.
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OPINION
April 23, 2006
Re "Selling the Greatest," editorial, April 16 We are very cognizant of all that Muhammad Ali is and represents around the globe. As you noted, his principled opposition to the Vietnam War cost him the heavyweight title and prime years in the ring. Let me assure you that CKX will work closely with Ali and his wife and treat his name with the respect and integrity it demands. A broad array of endorsement deals is not at all what we envision, nor what Ali is all about. ROBERT F.X. SILLERMAN Chairman and Chief Executive, CKX New York
BUSINESS
November 5, 2008 | Times Wire Services
CKX Inc., owner of the television show "American Idol," said a group led by Chief Executive Robert F.X. Sillerman had ended plans to acquire the company, citing "extraordinary national and global economic conditions." The Sillerman-led group, 19X, will pay a breakup fee of $37.5 million, according to a CKX filing with the Securities and Exchange Commission. The group will pay $37 million of the fee with CKX shares, according to the filing. Sillerman and Simon Fuller, a director of New York-based CKX, plan "to pursue an alternate transaction for the acquisition of the company," the filing said.
ENTERTAINMENT
May 20, 2006 | From the Associated Press
CKX Inc., the parent company of Elvis Presley Enterprises, announced a long-term joint venture with Cirque du Soleil, the Canadian-based acrobatic troupe known for its extravagant theatrical and acrobatic productions. Cirque du Soleil will produce a series of shows focused on Presley's life and music and help design interactive, multimedia museums called "Elvis Experiences," CKX said.
BUSINESS
August 17, 1992 | From Times Staff and Wire Reports
Westwood, Sillerman Sell New York Radio Station: Los Angeles-based Westwood One Inc. and New York broadcaster Robert F. X. Sillerman have signed a definitive agreement to sell famed big-band radio station WNEW-AM in New York to Bloomberg LP for $13.5 million. Westwood and Sillerman each owned 50% of the station. Westwood acquired its stake from Sillerman in 1988 for $11 million. Westwood said it will receive $9.3 million from the sale, including $2.
BUSINESS
September 28, 2005 | From Bloomberg News
The building has left Elvis, at least for now. CKX Inc., producer of the "American Idol" television program, said Tuesday that it agreed to acquire the Las Vegas Elvis-A-Rama museum, which it would close to make way for a "world-class" Elvis-themed attraction. CKX, which controls the name, image and likeness of Elvis Presley, didn't disclose the price it would pay for the museum, website and most of the memorabilia on display.
BUSINESS
August 14, 1998 | From Staff and Wire Reports
SFX Entertainment Inc. has agreed to buy Fort Lauderdale, Fla.-based Cellar Door Cos. for about $78 million in cash and $27 million in stock. Cellar Door controls venues in two of the top 10 U.S. markets and is the "last major concert promoter they didn't already control," according to analyst Richard Greenfield of Goldman Sachs. SFX Chairman Robert F.X. Sillerman has invested more than $1 billion in the last 1 1/2 years, acquiring firms related to the live entertainment business.
BUSINESS
September 23, 1998 | MARLA MATZER
In an SEC filing Tuesday, SFX Entertainment Inc. disclosed that it has "received notice of a preliminary inquiry" from the Justice Department Antitrust Division relating to SFX's proposed acquisitions of the Marquee Group Inc. and the Cellar Door group. SFX announced plans in the last two months to buy Marquee for $100 million and Cellar Door for $105 million. The stock of New York-based SFX plunged nearly 15% on the news, closing at $26.94, off $3.94, on Nasdaq.
ENTERTAINMENT
December 18, 2004 | From Associated Press
Lisa Marie Presley is keeping Graceland but selling the bulk of the Elvis estate, including rights to her father's name and image, in a deal worth approximately $100 million. Elvis Presley Enterprises Inc. announced an agreement this week to sell 85% of its assets to businessman Robert F.X. Sillerman, founder of music and sports promoter SFX Entertainment. The Presley estate brought in almost $45 million last year.
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