CKX Says 79.7% of Shares Outstanding have been Tendered

CKX Entertainment Offeror CKXE today announced the successful completion of the tender offer by Offeror to acquire all outstanding shares of common stock of CKx (the “Common Shares”) for $5.50 per Common Share in cash in accordance with the previously announced definitive merger agreement among CKx and acquisition entities owned by investment funds managed by affiliates of Apollo Global Management, LLC (together with its subsidiaries, “Apollo”), a leading global alternative asset manager. Offeror is a wholly-owned subsidiary of affiliates of Apollo. The subsequent offering period expired, as scheduled, at 5:00 p.m., New York City time, on Monday, June 20, 2011. The depositary for the tender offer has advised Offeror that, as of the expiration of the subsequent offering period, a total of approximately 54,744,278 Common Shares (including Common Shares tendered through notices of guaranteed delivery) were validly tendered to Offeror and not properly withdrawn, which, together with the Common Shares owned by Robert F.X. Sillerman, Sillerman Capital Holdings, L.P. and Laura Sillerman (collectively, the “Sillerman Stockholders” and the Common Shares owned by the Sillerman Stockholders, the “Sillerman Shares”) that are held in a voting trust in accordance with, or subject to certain voting arrangements consistent with, their previously announced support agreement, and which were not subject to the tender offer, represent approximately 79.7% of all Common Shares issued and outstanding. Offeror has accepted all Common Shares that were validly tendered and not properly withdrawn during the offering period. Payment for such Common Shares will be made promptly, in accordance with the terms of the offer.