Quantcast

CKG suitors

IDOL FINALISTS: CKX, the parent company of 19 Entertainment, has adopted a "poison pill" aimed at preventing any potential suitors from trying to team up with former company head Robert F.X. Sillerman, who owns just over 20% of CKX's stock, after CKX received a letter from an unnamed third party saying it was in talks with Sillerman, the L.A. Times reports. This suitor apparently wants to team up with Sillerman so it wouldn’t have to buy all of the CKX shares to take control of the company. In a statement, CKX said its board has determined that it isn't in the stockholders' interest to engage in any deal for less than all of the shares of the company, end the CKX Stockholder Rights Plan would allow the company to issue preferred shares to protect it from "potentially coercive takeover tactics." There are two standing offers from prospective buyers: a $600 million bid from American Idol creator and former CKX board member Simon Fuller, and a $550 million offer from One Equity Partners. Fuller and Sillerman have had a rocky relationship of late, Fuller resigning earlier this year after clashing with Sillerman. But anything can happen in this still-unfolding corporate drama. (6/25a)

NEAR TRUTHS: SPRING BLOOMS
Here come the big guns. (3/28a)
THE COUNT: COLDPLAY IS HOT, COUNTRY'S COOKIN' IN THE U.K.
The latest tidbits from the bustling live sector (3/28a)
CITY OF HOPE TAPS MARCIANO FOR TOP HONOR
This year's philanthropic model (3/28a)
TRUST IN THE TOP 20
Hip-hop is no longer hibernating. (3/28a)
UMG BROADENS SPOTIFY OFFERINGS
Sir Lucian and Daniel are in harmony. (3/28a)
THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)