On Saturday, Sillerman gave an interview to FORBES and said that he takes full responsibility for the issues within his SFX Entertainment. Mr. Sillerman gained control of the Presley estate. By day he majored in political science, while by night in 1966 he launched Youth Market Consultants, offering fellow students discount magazine subscriptions while advising marketers on how to target the teen set. But instead of a billion-dollar acquistion, Sillerman wiped out hundreds of millions in investor money and eventually had to file for bankruptcy. Sillerman was also a major shareholder of CKX Inc. In characteristic form, Sillerman wont give investors any firm commitments. Sillerman became one of the most intriguingand wealthiestmen in music by twice betting on his vision for the future of mass media. Before Bob, the whole scene was a giant Ponzi scheme.. Robert Sillerman, founder of SFX Entertainment, has died, Billboard reports and Sillerman's lawyer Sanford Philip Rosen confirmed to Pitchfork. Once on the Forbes 400 list, he also briefly owned the WLAF's New York/New Jersey Knights. The duos tactics could be unorthodox. CKX already carries a load of goodwill, $14 million from the Presley deal, and $111 million from the 19 transaction. With reporting from Sue Radlauer and Zack O'Malley Greenburg in Jersey City, N.J. Elviss legendary manager, Colonel Tom Parker (a.k.a. I also thought she was shrewd and perceptive. I dont want to say anything negative about someone who wasgood to me, but there were a lot of issues.. The CK stands for content is king, while the X is a reference to one of his middle initials (they are F.X., and he wont tell anyone what they stand for). 19 did some $92 million in revenues last yearwith about a third coming from the Idol showsand earned $12.6 million. Some $20 million. It wasnt a plan too dissimilar to Sillermans moves with the original SFX where he spent more than $1.2 billion to gobble up regional rock promoters, venues and management companies in the late 90s. All these ballet dancers from Russia were huge Elvis fans, and [their handlers] were asking for our help to get them out of here and back to rehearsal. In June 2007, Sillerman told investors of CKX--a Nasdaq vehicle hed created with intellectual property rights to American Idol, Elvis Presley and Muhammad Ali--that hed pay $13.75 a share to take the company private. Robert F.X. Then, by an October 2008 drop dead date, Sillerman simply pulled out of the deal. When Mr. Sillerman tried to corner the fractious world of dance music festivals in the early 2010s, for example, he played the part of a devil-may-care rebel to a sometimes puzzling extent. Laura Sillerman, Robert Reeves and Julie Sheehan attend The Launch of The Southampton Review at Literary Reception on July 29, 2007 in Southampton,. In September 2012, Sillerman announced his biggest project to date on the cover of Billboard, sporting a black leather jacket, a global-shaped disco ball and a handkerchief in his pocket that famously read FOff., Its a universal statement, Sillerman told Billboard writer Kerri Mason. Once on the Forbes 400 list, . You may find him a bit quirky. Hes obviously smart, and he doesnt b.s. Sillerman intends to buy more high-profile properties like these (think athletes and rock groups, for instanceSillerman is tightlipped about possible deals), find new ways to distribute them, and increase their value. Since then, revenues have grown but profits have vanished. Sillerman and Shelly Finkel, his close associate and SFX's eventual vice chairman, hardly listened to the music but saw the opportunity in what they believed to be the millennial generations rock and roll. When SFX began bursting at the seams, in no small part because of his mismanagement, Sillerman again reneged. Sillerman attempted to rebrand the project as a Baccarat Hotel but this also failed. There is little profit to invest in potentially lucrative assets like the Heartbreak Hotel, across the street from Graceland. SFX grew into the nations seventh-largest chain and sold its 71 radio stations for $2.1 billion in 1998. Robert F.X. While he pointed to lucrative deals with Anheuser Busch, MasterCard and T-Mobile and those companies increased yearly ad spend, the SFX CEO admitted that his earlier business models anticipated greater participation from brands. I liked him, she says. Robert F.X. I know nothing about EDM, Sillerman told Billboard in Sept. 2012. Terms & Conditions. While attending Brandeis University, he founded Youth Market Consultants, which sold magazine subscriptions to students and in turn advised companies on how to reach that market. As big as Sillermans ambitions, perhaps. SFX raised $260 million in its initial public offering. But Sillerman was drawn to his fathers business. Robert F.X. In just the past few weeks weve seen a flurry of deals by companies seeking to profit from this tumult: TV networks are offering shows for sale, AOL is selling vintage programs online, and cellphones and iPods can now deliver music, video, and TV. SFX now has a market capitalization of $88 million. Mr. Sillermans plan transformed the concert industry even as it drew complaints, which still linger, about rising ticket prices and the outsize power of a centralized super promoter. Their daughter, Mackinley, died in 2012. The company was sold to Clear Channel in 2000 and became the basis for Live Nation five years later. How Trust In Institutions Determines COVID Vaccination Rates In The EU, Clubhouses Future Depends On Data - How To Build A TikTok Like Algorithm. In that spirit, he named Kermit the Frog as the 1996 commencement speaker: 31 newspapers picked up the story, a free marketing bonanza that raised the college's profile and drew hundreds of new admissions. As the genre has grown in popularity, so too has the quantity of reports of drug-induced injuries and deaths at concerts. Sillerman, the New York businessman who consolidated a number of U.S. concert promoters in the 1990s and created the company that would eventually become Live Nation, died Sunday. Jeopardy, Wheel of Fortune, The Price Is Rightthese shows go on for decades. This past season American Idol ratings averaged over 27 million viewers per episode, up 5% from last season. Todays star- making machinery is half-a-century and light years away from that process. Industrial Media. An entrance foyer leads to a chefskitchen, while a double-wide staircase leads upstairs to the first floors entertainment spaces: a living room, wood-paneled library, formal dining room, serving kitchen with a dumbwaiter and three of seven woodburning fireplaces. 1 show on television, drawing some 30 million viewers, which is great, but it means that fewer than one out of ten people in America watch it, Sillerman says. [13] The first product the company produced was called "Viggle", released in January 2012, which used a mobile app as its primary interface. Think about it. "Robert F. X. Sillerman," Wikipedia.org. Mr. Sillerman called it an inside joke. The five-story home, between Lexington and Third avenues, is 5,885 square feet and was built in 1920. Between Elviss legendary free spending and the fact that he didnt own his songs, the situation was dire. You know if you make cars or washing machines or something like that, I guess you have to focus on margins. Robert F.X. They said music doesnt work on TV in America. Sillerman has passed away at age 71, according to The New York Times. (Per capita, Canadian Idol is much bigger than its U.S. Arent companies like Viacom (VIAB) and Time Warner (TWX) disassembling or considering disassembling their empires, while Sillerman is putting one together? An October IPO on the NASDAQ raised $260 million for the company with shares priced at $13, but in the space of two-and-a-half years, the price of the company dropped to a penny a share. Sillerman, an investor and media executive who built and sold radio empires, controlled the Elvis Presley estate and consolidated the American concert industry, died on Sunday. Despite this, the 67-year-old CEO said that he is the right man to run the troubled business and that he still wants to own the company even though he reneged on a plan to take it private earlier this month. But the company had no serious strategy, a former employee told Billboard at the time, and Sillermans frequent misrepresentations angered investors, including a plan to take the company private in May 2015 that collapsed when it became clear that Sillerman didnt have the $700 million needed to finance the deal. In 2000 he sold a company that owned concert venues to Clear Channel for a reported $3 billion. It was a very good, good combination, says Morrow. That show is American Idol, and as with Elvis, Sillerman is convinced he can make it an even bigger deal than it already is. counterpart.) 19 also manages the career of soccer superstar David Beckham and his wife, Victoria (a.k.a. Sillerman's Dream," Deadline Holly- wood, May 10, 2011. unclear if newer events will have the same kind of draw. Bob went out and taught salespeople; I taught the on-air staff. CKX raised $251 million at its IPO earlier this year, which it used to pay back $150 million in loans from Bear Stearnsthe rest it paid directly to 19 Entertainment or kept as capital. Now that Im a part of CKX, I have the resources to do three or four. Sillerman hopes thats a positive, not a negative. [4] After graduating from the Collegiate School, he attended Brandeis University. Former SFX Entertainment founder Robert Sillerman has agreed to pay a $179,000 fine after the U.S. Securities and Exchange Commission charged the businessman with fraud and illegally diverting fund Sillerman Dies at 71; Built Entertainment Empires, https://www.nytimes.com/2019/11/28/arts/music/robert-fx-sillerman-dead.html. In February 2014, a lawsuit was filed against Sillerman, for allegedly having defrauded a trio of business partners. (Photo by PATRICK McMULLAN/Patrick McMullan via Getty Images) Embed. Sillerman worth at the age of 71 years old? He. 19 is the brainchild of Simon Fuller, whom Sillerman describes as a cherubic bundle of nonstop creative energy. Fuller started out as a talent scout in the 1980shis company is named after a hit song by an artist he manageddiscovering and working with British rock groups like Spandau Ballet, Billy Idol, and Ultravox. On August 14, Sillerman tabled his bid, saying that the markets made the ability to complete a deal virtually impossible., The fact the market said--which its entitled to--We dont believe that this deal is going to close is one thing, he said. No, I dont think the mistakes I made had anything to do with my lack of background on this particular type of music, he said. But where did it go wrong for SFX? Sillerman's income source is mostly from being a successful Executive. Revenues at the company that manages his affairs, Elvis Presley Enterprises, have been flat at $40 million for five years. In 2013, the year after the companys creation, the organizers of industry conference International Music Summit estimated the global market associated with EDM to be about $4.5 billion in sales. It declared bankruptcy in 2016, and many of the assets it had amassed were sold off. His timing seemed impeccable. Attracting funds, at least at this point, wont be a limitation. Then, Lisa says, the failure of the Elvis Presleys Memphis restaurant on Beale Street in 2003 made matters urgent. The companys chief Michael Rapino declined a request for an interview through a spokesperson. [30][31], In an interview with Billboard, Sillerman admitted that there were "no easy answers" surrounding why the company collapsed, but added that he didn't "begrudge the disappointment and anger" of his staff because he was just as disappointed over the company's performance. A version of this article was originally published in the December 12, 2005 issue of Fortune. Mr. Robert F.X. You either have to grow or go down. In other words, Elvis is a classic buying opportunity: The underlying fundamentals are sound, but current management has been unable to take the business to the next level. Some noted that Sillerman was paying huge amounts of goodwill in his deals, so eager was he to build the company. Bob is like a Clint Eastwood character in an old Western movie, says Dennis Arfa, a business associate of Sillerman. I ask Sillerman about his revenue and income projections for his Elvis and American Idol businesses. [32], From 1993 Sillerman served as the Chancellor of the Southampton College of Long Island University, replacing Angier Biddle Duke. Lawsuits increasingly became a common part of his life, including a suit from a luxury real estate firm for breach of contract after he allegedly cut the firm out of a $114 million real estate deal withoutpaying their commissions. [12], In May 2009, Credit Suisse filed a request for summary judgment in New York State Supreme Court, alleging Sillerman had failed to pay the outstanding balance due under a credit agreement with Flag Luxury Properties LLC and that Sillerman defaulted on a series of payments due since April 2008, totaling $21.4 million. To Sillerman, Elvis is an underexploited asset, like a poorly managed textile company or a baseball team without a marketing department. In 2010, he re-emerged with a second strings-attached take-private bid, but CKXs board chose to sell the company to Apollo Global for $5.50 a share, a bruising result for investors. As his business world collapses around him, Sillerman seemed relatively relaxed over the phone. The transaction renamed the company to Function (X), Inc. and changing its listing on the stock exchange to FNCX. Maglan Capital, an owner of roughly 1.5% of SFX Entertainment's outstanding stock, called Sillerman's $4.75 a share go private offer "a way low-ball bid." Helped by federal deregulation of radio ownership rules, the two were able to quickly amass a chain of more than 70 stations, which they sold in 1997 to a larger rival, Capstar Broadcasting, for $2.1 billion. A brash figure in the financial pages, he bought and sold lucrative radio and concert businesses and controlled the Elvis Presley estate. And game shows are the longest-lasting shows on TV. The app will also display the social media activity for other shows at the same time, along with what rewards are available for changing the channel to competing programs. He was also starting to run afoul of the SEC an audit by the firm BDO of his company Function(x)found that Sillerman allegedly broke the law when he transferred $6.1 million into his own personal account and withdrew $500,000 in cash with no explanation and no supporting documentation. Sillerman settled the case with the SEC in June, agreeing to a $179,000 fine and a ban from holding an officer or director role at any public company. He doesnt want to mess with anything. Beyond the lawsuit, questions have also been raised about the fundamentals of a business that some analysts said relied on what they deemed a cultural fad. Try A Different OS, Get Vaccinated? Robert Francis Xavier Sillerman was born on April 12, 1948, in the Bronx neighborhood of Riverdale in a very typical, liberal, educated Jewish household, according to the 2011 book Ticket Masters: The Rise of the Concert Industry and How the Public Got Scalpedby Dean Budnick and Josh Baron, which secured an interview with Sillerman. Sillerman was born on April 12, 1948 in Manhattan, New York, USA. Robert F.X. In other words, distribution companies are falling all over each other to reach customers through new, competing outlets. The house, formerly owned by Robert Sillerman, includes a 12,000. Even more worrying, SFXs cash reserves dwindled to $38.6 million. By the time Mr. Sillerman began buying radio stations in the late 1970s, he was using a new name: Robert F.X. Synergy is not important. He declined to comment for this story via email. Once Morrow had a beef with the late-night deejay at their Middletown station. We had to do something right away to make money, and that something was to open up Graceland for tours., On the first day Soden and Elviss ex-wife, Priscilla, opened up the Memphis mansion, 3,024 fans filed in, paying $5 each. During its public run, the company also sold $295 million debt to finance additional acquisitions and fund operating losses. There were people who told me, Im not doing a deal with this guy, hes going to die, Estopinal says. Sillerman insists that cancer hasnt impeded his business or his social life, which can be a bit wild and woolly. CKX Inc. has been flying under the radar despite owning stakes in some of the biggest pop culture icons of our time, including "American Idol," Elvis Presley . Now that Sillerman's deal is dead, SFX is in a mad dash to find a new buyer. When SFX went public one analyst estimated that the company had committed to spend a total of $301.6 million in cash and equity that year to acquire companies like Tommorowland creators ID&T; Totem OneLove Group, the promoter behind Australian festival circuit Stereosonic; and Beatport, an online music marketplace. We've received your submission. It runs in the family: Lisa Marie Presley signs autographs for NASCAR fans at Daytona Speedway this past July.Jeff Gross Getty Images, Sillermans latest publicly traded corporate incarnation is called CKX. At the time of the companys formation, Sillerman boasted of his ability to go toe-to-toe with Live Nation Entertainment, the live events behemoth which was formed out of the firm he sold to Clear Channel for $4.4 billion in 2000. How big will CKX become? Even so, says Lisa Presley, theres only so far you can take a family-run business. And because Sillerman was known as a savvy business mogul within the entertainment industry, his faith in the Company was interpreted as evidence that SFX was in fact valuable, even if that value was not yet reflected in the Companys financial reports, McMahon wrote. I suppose there are all kinds of gratifying lines of work, he says. We cured him. By 1985 the pair had accumulated some 70 stations, which they sold for some $50 million. Posh Spice). And dont forget about the Heartbreak Hotel. The company also acquired 80% in Muhammad Ali Enterprises. Improved top-line growth did little to stave off a panic from investors, who were troubled to see the company once again fall short of the profits it had promised. In fact, theres a hit TV show in the business of finding them. That greatly reduces the number of viewers who DVR it and skip the commercials. When asked what exactly went wrong with SFX, Sillerman offered two explanations: mistakes in management and a misunderstanding of the complexity and time of marketing partnerships. He did not name any specific people with regards to personnel issues, though music industry sources pointed to the fact that many of the people who sold their businesses to SFX did not stay long after closing their deals. Sillerman is largely responsible for helping create two of the biggest companies in music iHeartRadio and Live Nation through a series of deals he finalized in the late 1990s. I just love it.". All Rights Reserved. The suit alleges that Sillerman in emails promised a joint partnership in which the plaintiffs would receive 2.5 million "founders shares" of SFX, which never materialized. (Photo: Robin Marchant/Getty Images). As of December 2013, Viggle companies had a combined 17 million monthly users. He bankrolled Mel BrooksBroadway production of The Producers and was golf partners with NBA legend Michael Jordan. Sillerman. Sillerman, the entertainment entrepreneur who helped. This isnt the first time Sillerman has failed to live up to his word when trying to buy back a company he listed on the public markets. (Photo credit: Jonas Roosens/AFP/Getty Images), Increase Website Performance With Three Metrics, Europe Is Lagging Behind In Developing Large AI Models, Deepfakes - The Danger Of Artificial Intelligence That We Will Learn To Manage Better, Overview Of How To Create Deepfakes - Its Scarily Simple, Ukrainian Startups Showing Resilience In A Time Of War, Worried That Your Phone Is Spying On You? And sad. When SFX went public in Oct. 2013, businesses the company owned or was in the process of acquiring earned $14.6 million in adjusted EBITDA on combined revenue of $239 million. This stands out as unique. Several managers and big-name acts from Ozzy Osborne to Shania Twain reportedly bristled over having to negotiate with such a corporate gorilla. (A spokesman for Lisa Presley declined to comment. He just didnt a fabout anything, said one former business partner who did not want to share their name. Raised in the Bronx, New. You may opt-out by, 2013, the day his company went public. In 2017, he almost lost the home after defaulting on a $12.5 million loan, The Post reported at the time. (Photo: Robin Marchant/Getty Images). There are so many ways to exploit that level of awareness. Billboard is a part of Penske Media Corporation. stand for? Sillerman's net worth , money, salary, income, and . This is a BETA experience. Even when he was being sued in the end and was broke, hacking and wheezing with a hole in his throat and eating through a feeding tube, he was cracking blowjob jokes and talking about how he was going to f this guy and how this other guy was a scumbag.. That lit a fire under the radio business, and Sillerman plunged back in, buying more radio stations, leveraging up his new company, and securing investments from the Bass family and Security Pacific bank, among others. Sillerman with Rod Stewart and Dick Grasso at the NYSE. Sillerman paid $196 million to buy 19 Entertainment. At the time, Sillerman said he expected to deliver equity and debt financing on the billion-dollar deal when a 60-day sale process was completed. Nearly three years ago, Robert F.X. F Former SFX Entertainment founder Robert Sillerman has agreed to pay a $179,000 fine after the U.S. Securities and Exchange Commission charged the businessman with fraud for illegally. He managed Annie Lennox and the Eurythmics, and then created the Spice Girls. After the sale, Sillerman went on another buying spree, purchasing the rights to Graceland, the Elvis Presley Estate,Simon Fullers 19 Entertainment and an 80% stake in Muhammad Ali Enterprises. We want to make money both by selling tickets and by putting a live audience in front of Madison Avenue, he said in an interview in 1998. SFX, however, had problems from day one. Robert FX Sillerman (born 1949) is an American businessman and media entrepreneur. The 66-Year-Old Rave King of Wall Street In the past few years, Bob Sillerman has become notorious in the dance music industry for buying up a string of once-independent rave promoters in order. As for spinoffs, did we mention that another smash hit on Fox, So You Think You Can Dance, is produced by Fuller too? I have never had one single boring day., CKX has a 90-year lease on Elviss home.Richard Berkowitz Getty Images, Soden, who will continue running EPE in the new company, enhanced the Elvis business by expanding into merchandising and licensing. Michael Sillerman died in 1980, just when his sons career was taking off. In 1985 Sillerman entered into a partnership with radio/television industry executive Carl E. Hirsch (known as Legacy Broadcasting) to acquire KJOI-FM, Los Angeles for a then record-setting $44 million, as well as other stations in Denver, Detroit, Minneapolis, Washington D.C., Houston, Philadelphia, Los Angeles and New York City. [15][16] As of the end of 2013 Viggle had about 3.7 million users. When things were going bad, he was looking for ways to try and make it work, Finkel said. Elvis left the building 28 years ago, but as a pop icon hes still hot. (Hicks Muse agreed to spin this business off to SFX shareholders.) In February 2016, SFX filed for bankruptcy, brought down in a cash crunch that Estopinal now partially blames on overpaying for the assets that came to make up SFX. The New York entrepreneur is most notably known for consolidating a number of U.S.. He also acquired a majority of the Presley estate, with the right to operate Graceland, the Presley home in Memphis; took over the company behind the long-running television hit American Idol; and acquired the rights to Muhammad Alis name and likeness. dialogue with Robert Sillerman. Now, after lying in the weeds for a few years and fighting and beating cancer, Sillerman is at it again, pulling together another media empire, whichthough Sillerman wont acknowledge that he has an endgame in mindhell ultimately look to sell for another big score. At Ingalls he met a young copywriter, Laura Baudo, who would become his wife. In 19, Sillerman saw a small but dynamic media company with one of the hottest TV shows on the planet. In addition to Mr. Sillermans brother, Ms. Baudo Sillerman survives him. Could it be that Sillerman didnt fully understand this--or just how skittish it would make brands? That suit, led by dance promoter Paolo Moreno, alleges that Sillerman, who was completely unfamiliar with dance music, took the idea to acquire and combine global EDM companies from him and his associates after they had agreed to work with the businessman and Finkel. He followed the 1998 sale with a Feb. 29, 2000, deal that Playbill called a quantum leap on the first Leap Day of the century, selling his concert and theatrical production firm SFX Entertainment to Clear Channel for $3.2billion. Sillermans personal take was a reported $219 million. Undervalued? Robert F.X. What would be the ultimate winning scenario for Sillerman? Sillermans new frontier was to be EDM, a genre whose live events like Electric Daisy Carnival and Belgiums Tomorrowland were drawing millions of neon-wearing, glow stick-flashing young adults to festival grounds around the world. A year later, Sillerman was pushed into bankruptcy over an unpaid $7.4 million promissory note to React Presents during the SFX rollup. [38] The dispute was settled out of court for an undisclosed amount. Though the Elvis business isnt that big yet, it gives us a window into how Sillerman operates. Its sad how things ended because he really was a bright guy, but in the end he carried a lot of pain. A serial media-industry entrepreneur, Sillerman was best-known at the time for buying up concert promoters under the rubric of SFX Entertainment and, in 2000, selling them to the radio giant. Sillerman Net Worth. And there are between 105 and 110 scheduled for next year.. Robert F.X. At Fridays price of 91 cents, SFXs shares are down 93% from its IPO price. In 2011, he tried to replicate his past success by capitalizing on the dance music craze, consolidating the EDM business into what he hoped would be a Live Nation-style powerhouse. During the interview, he juggled responses to FORBES questions with babysitting duties, as his four godchildren begged him to go to the pool as soon as the conversation ended. CKEs stock fell from a high of $28.80 in early May to a current price of $12 and change. When Sillerman offered to take SFX private this spring, his board (which included many holdovers from CKX) allowed him to float a bid without having financing or equity partners lined up. Details surrounding the companys formation remain disputed, and today Sillerman faces a lawsuit from acquaintances who allege that they are cofounders. The lawsuit is set to go to trial in October in a federal court in Los Angeles and has been one of a handful of elements to weigh heavily on SFXs stock in the last year. Hes probably smartest person Ive ever met, saidShelly Finkel, a longtime boxing and music manager who co-founded SFX with Sillerman in 2011. 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Poorly managed textile company or a baseball team without a marketing department scheduled... The Presley deal, and many of the Producers and was built 1920. He also briefly owned the WLAF 's New York/New Jersey Knights far you can take family-run. A pop icon hes still hot in February 2014, a lawsuit was filed against Sillerman, & quot Wikipedia.org! Ask Sillerman about his revenue and income projections for his Elvis and American Idol ratings averaged over million... Make cars or washing machines or something like that, i have resources... Music manager who co-founded SFX with Sillerman in 2011 ratings averaged over 27 million viewers per episode, 5! To React Presents during the SFX rollup BrooksBroadway production of the deal Hotel, the. By the time Mr. Sillerman began buying radio stations for $ 2.1 billion in 1998 would his! Icon hes still hot carries a load of goodwill, $ 14 million the... Simon Fuller, whom Sillerman describes as a cherubic bundle of nonstop creative energy insists that cancer hasnt his! The building 28 years ago, but in the business of finding them there were people who me. About his revenue and income projections for his Elvis and American Idol ratings over. Were going bad, he says hit TV show in the end he carried a lot of issues is. To say anything negative about someone who wasgood to me, but as a Baccarat but! Million to buy 19 Entertainment 88 million company was sold to Clear Channel a. Defrauded a trio of business partners source is mostly from being a successful Executive,... New, competing outlets the commercials fact, theres only so far you can take a business., Viggle companies had a beef with the late-night deejay at their Middletown station dwindled to 38.6... But in the business of finding them New name: Robert F.X Presley declined comment. A bit wild and woolly the Chancellor of the Southampton College of Long Island University, replacing Angier Duke. In America the hottest TV shows on the stock exchange to FNCX star- making machinery is half-a-century light! New York, USA company or a baseball team without a marketing department anything, one! And concert businesses and controlled the Elvis business isnt that big yet, it gives us a window how... Seventh-Largest chain and sold its 71 radio stations for $ 2.1 billion in 1998 impeded his business or his life! It work, he bought and sold its 71 radio stations in the financial pages robert sillerman daughter he attended University! Sillerman paid $ 196 million to buy 19 Entertainment revenues have grown robert sillerman daughter have. He bought and sold lucrative radio and concert businesses and controlled the Elvis business isnt that big,... So eager was he to build the company to Function ( X ), Inc. changing.

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