L.A. billionaire makes offer for parent company of 'American Idol'

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.


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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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