CKx Confirms Receipt of Acquisition Proposal From Group Led by Simon Fuller

CKx, Inc. (Nasdaq: CKXE) confirmed that it received a proposal today from a group of investors led by Simon Fuller to acquire CKx. The Board of Directors of the Company is evaluating the proposal, as well as other potential strategic alternatives for the Company, and has retained Gleacher & Company as financial advisor and Wachtell, Lipton, Rosen & Katz as legal advisor to assist in this evaluation. CKx cautioned, however, that there can be no assurance that it will enter into any agreement with respect to any transaction, or as to the timing or terms thereof, including price.

CKx stated that it does not expect to make any additional statements or provide any further information regarding the status of any discussions or any possible transaction unless a definitive agreement is entered into or adopted.

About CKx, Inc.

CKx, Inc. is engaged in the ownership, development and commercial utilization of entertainment content. The Company's current properties include the rights to the name, image and likeness of Elvis Presley, the operations of Graceland, the rights to the name, image and likeness of Muhammad Ali and proprietary rights to the IDOLS television brand, including the American Idol series in the United States and local adaptations of the IDOLS television show format which, collectively, air in more than 100 countries. For more information about CKx, Inc., visit its corporate website at www.ckx.com.

Forward Looking Statements

This document contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are those that predict or describe future events or trends and that do not relate solely to historical matters. You can generally identify forward-looking statements as statements containing the words "believe," "expect," "will," "anticipate," "intend," "estimate," "project," "assume" or other similar expressions, although not all forward-looking statements contain these identifying words. You should not place undue reliance on our forward-looking statements, as the matters they describe are subject to known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond our control, including, but not limited to (i) that the Company may not enter into any definitive agreements relating to a transaction; (ii) if the Company does enter into a definitive agreement relating to a transaction, it may not be at prices or on the terms as may have been previously speculated, and (iii) any such transaction may not be completed. Our forward-looking statements are based on the information currently available to us and speak only as of the date of this press release. We expressly disclaim any obligation to issue any updates or revisions to our forward-looking statements, even if subsequent events cause our expectations to change regarding the matters discussed in those statements.