Follow LA Observed on Twitter here
No specifics on price, Bloomberg is reporting, but CKX had a market value of almost $400 million as of yesterday. The offer by Alec Gores comes five months after CKX ended discussions to sell the company or a controlling stake. CKX owns two-thirds of the "Idol" brand and co-produces the show in the U.S. with Fremantle Media, owner of the rest. In 2005 CKX bought 19 Entertainment, which was founded by "Idol" creator Simon Fuller.
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent Media stories:
LA Times sells out its front page to a Disney movieTHR's Stephen Galloway wins entertainment journalist of the year
Maria Elena Durazo profile names a key name *
Finke, Waxman, Penske, Min: Battle of the Hollywood trades
The real bad news from Tribune
New at LA Observed
On the Politics Page
Go to Politics
Sign up for daily email from LA Observed
Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.