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ckxe...time to buy??...
CKX, Inc. Announces Closing of Public Offering and Exercise of Over-Allotment Option
Monday June 27, 1:58 pm ET

NEW YORK--(BUSINESS WIRE)--June 27, 2005--CKX, Inc. (NASDAQ: CKXE - News) today announced that, in addition to closing its public offering of 20,000,000 shares of common stock, it also closed the sale of an additional 3,000,000 shares following the exercise of the over-allotment option granted to the underwriters in connection with the offering. All of the shares were newly issued by the company and were sold at the previously announced public offering price of $11.00 per share. As a result of the exercise of the over-allotment option, the company received additional net proceeds, after underwriting discounts and commissions, of approximately $31 million, which resulted in total net proceeds from the offering of approximately $235 million.

Bear, Stearns & Co. Inc. was the sole book-running manager and Lehman Brothers Inc. acted as joint lead manager in connection with the offering

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The offering of these securities was made only by means of a prospectus. A copy of the final prospectus may be obtained by contacting Bear, Stearns & Co. Inc., c/o Prospectus Department, 383 Madison Avenue, New York, New York 10179 or Lehman Brothers Inc. c/o ADP Financial Services Integrated Distribution Services, 1155 Long Island Avenue, Edgewood, New York 11717 tel. [phone]).

About CKX, Inc.

CKX, Inc. is engaged in the ownership, development and commercial utilization of entertainment content. To date, we have focused on acquiring globally recognized entertainment content and related assets, including the rights to the name, image and likeness of Elvis Presley, the operations of Graceland and proprietary rights to the IDOLS television brand, including the American Idol series in the United States, the Pop Idol series in the United Kingdom and local adaptations of the IDOLS television show format which, collectively, air in over 30 countries around the world. We plan to continue to make strategic acquisitions of, or partner or align with, companies or individuals that control various forms of established entertainment content, which may include intellectual property rights in music, film, television programming, written works and characters, rights to names, images and likenesses, video games, corporate brands and other related assets For more information about CKX, Inc., visit our corporate website at www.ckx.com.
Contact:

For CKX, Inc.
Sean Cassidy, 212-981-5233
or
Ed Tagliaferri, 212-981-5182


Source: CKX, Inc.