CKX, Inc. (NASDAQ: CKXE) (“CKX” or the “Company”) announced today that CKX Entertainment, Inc. (the “Issuer”) intends to issue and sell $360 million aggregate principal amount of senior secured notes due 2019 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The Issuer intends to use the net proceeds from the offering either to finance the previously announced acquisition of the Company by the Issuer or to refinance indebtedness incurred in connection with such acquisition and pay related fees and expenses.

The notes are being offered in the United States only to qualified institutional buyers in reliance on Rule 144A under the Securities Act, and outside the United States, only to non-U.S. investors pursuant to Regulation S under the Securities Act. The notes will not be registered under the Securities Act, and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the notes or any other securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. This announcement is being issued pursuant to and in accordance with Rule 135c under the Securities Act.

About CKX, Inc.

CKX is engaged in the ownership, development and commercial utilization of globally recognized entertainment content. CKX’s current properties include the rights to the name, image and likeness of Elvis Presley and Muhammad Ali, the operations of Graceland, and proprietary rights to the IDOLS and So You Think You Can Dance television brands, including the American Idol series in the United States and local adaptations of the IDOLS and So You Think You Can Dance television show formats which, collectively, air in more than 100 countries. For more information about CKX, visit its corporate website at www.CKX.com.

Safe Harbor and Forward-Looking Statements

This news release contains forward-looking statements, including, without limitation, statements regarding the proposed offering of the notes and the intended use of proceeds from the offering. All forward-looking statements in this news release reflect the Company’s current analysis of existing facts and information and represent the Company’s judgment only as of the date of this news release. Actual events or results might differ materially from these statements due to risks and uncertainties. The Company cannot be certain that the debt offering or acquisition discussed above will close. The Company expressly disclaims any intent or obligation to update these forward-looking statements, except as required by law. For a discussion of certain of the risks, uncertainties and other factors affecting the statements contained in this news release, see the Company’s Annual Report on Form 10-K for the year ended December 31, 2010 and subsequent Quarterly Report on Form 10-Q.

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