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  • INVESTING IN HIMSELF: OAKLEY CHAIR PLANS TO BUY MORE STOCK

              Oakley Chair Jim Jannard will purchase up to an
         additional three million shares of Oakley stock subject to
         market conditions.  Jannard has purchased almost four
         million shares since January of last year, and currently
         owns 38,567,800 shares, or 54.6% of the shares outstanding
         (Oakley).  The WALL STREET JOURNAL reports that the
         announcement is a demonstration of Jannard's "belief that
         the stock price is undervalued."  A purchase of three
         million additional shares would bring Jannard's Oakley stake
         up to 59%.  Yesterday, Oakley shares fell $0.25 to $12.8125
         a share in NYSE trading (WALL STREET JOURNAL, 6/2).
    
    

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  • TELLEM ABOUT IT: WILL ARN AND FLEISHER FOLLOW FALK'S LEAD?

              Agents Arn Tellem and Eric Fleisher "are negotiating
         the sale of their businesses" to Magicworks Entertainment
         Inc., a Miami-based concert and event promoter, according to
         sources of Josh Gotthelf of SPORTSBUSINESS JOURNAL.  It has
         been reported that Fleisher would receive $25M for his
         business alone, but a source "close to the negotiations"
         said that price "would be for both agencies."  Tellem,
         Fleisher and Magicworks spokesperson Frank Hawkins all
         declined to comment.  One source familiar with the talks
         said that while there are still "significant issues" to be
         resolved, if a deal is reached, both Tellem and Fleisher
         "would stay on to run Magicworks' new sports division"
         (SPORTSBUSINESS JOURNAL, 6/1 issue).
    
    

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