CKX, Inc. Prices Public Offering; Company Will Sell 20,000,000 Shares at $11.00 Per Share

NEW YORK--(BUSINESS WIRE)--June 22, 2005--CKX, Inc. (NASDAQ: CKXE) today announced the pricing of its public offering of 20,000,000 shares of common stock, all of which are newly issued by the company, at $11.00 per share. CKX will use approximately $150 million of the net proceeds to repay substantially all of its outstanding indebtedness. The company will reserve approximately $36 million of the net proceeds to satisfy the deferred consideration obligation incurred in connection with its acquisition of 19 Entertainment Limited, when such amount becomes payable and to the extent paid in cash. The remaining net proceeds of approximately $15 million will be used to provide additional capital to support the growth of the company's business, which may include select acquisitions of entertainment properties and businesses.

Bear, Stearns & Co. Inc. is the sole book-running manager and Lehman Brothers Inc. is acting as joint lead manager in connection with the offering. CKX has granted the underwriters of the offering a 30-day option to purchase up to 3,000,000 additional shares at the public offering price to cover over-allotments.

A registration statement relating to the common stock has been filed with and declared effective by the Securities and Exchange Commission. 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 will be 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.

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.