CKX Announces Appointment of Michael G. Ferrel as President

CKX Announces Appointment of Michael G. Ferrel as President

NEW YORK, May 23 /PRNewswire-FirstCall/ -- CKX, Inc. (NASDAQ:CKXE) today announced the appointment of Michael G. Ferrel to its senior executive management team, as President of the company.

Robert F.X. Sillerman, who had been serving as President since acquiring control of the company in February 2005, will continue in his role as Chairman of the Board of Directors and Chief Executive Officer of the company.

"We are extremely excited that Mr. Ferrel has agreed to take on the position of President of our company," said Mr. Sillerman. "I have known Mike for a long time, and have worked with him for over 15 years. I can think of no one better suited to help lead and shape the future of CKX."

CKX is engaged in the ownership, development and commercial utilization of entertainment content, 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.

Mr. Ferrel previously served as President and Chief Executive Officer of SFX Entertainment, where, together with Mr. Sillerman and other members of CKX senior management, they built the largest integrated promoter, producer and presenter of live entertainment in the world. Prior to that, Mr. Ferrel was President and Chief Executive Officer of SFX Broadcasting, where he also worked together with Mr. Sillerman and other members of CKX senior management, in building a major owner of radio stations across the United States.

This document includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, acquisitions of dispositions of business assets, and the potential impact of future decisions by management that may result in merger and restructuring charges, as well as the potential impact of any future impairment charges to goodwill or other intangible assets. More detailed information about these factors may be found in filings by CKX, Inc. with the Securities and Exchange Commission. CKX, Inc. is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.

Source: CKX, Inc.

CONTACT: Sean Cassidy, +1-212-981-5233, or Ed Tagliaferri,
+1-212-981-5182, or Robert Zimmerman, +1-212-981-5118, all for CKX, Inc.

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