Sillerman’s CKX Exit Package

CKX has detailed Robert Sillerman’s exit package.

Sillerman, who recently resigned as CEO of CKX, which is the parent company of 19 Entertainment, is expected to receive a cash payout of $3.3 million and a $1 million consulting fee, according to the Los Angeles Times.

Sillerman, who with a 20 percent stake is CKX’s largest shareholder, is considering making a move to buy CKX, which he founded in 2005.

Another potential bidder is One Equity Partners, the private-equity arm of JP Morgan Chase.

Mike Ferrel, former CKX president, has taken on the CEO role at CKX.