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  • THE FALK OF THE TOWN: AGENT SELLS SFX SHARES IN DECEMBER

              Agent David Falk sold $13.6M in SFX stock in December,
         "trimming his interest" in the company "by half at a time
         when SFX shares were at record highs," according to the
         HOLLYWOOD REPORTER.  Insider buying and trading analyst
         Washington Service said that Falk "sold 267,000 shares at a
         price range" between $49.63 and $51.75 from December 3-10. 
         Falk sold his FAME to SFX in June for a reported $100M.
         Since February, SFX shares "more than doubled" when SFX
         Chair Robert Sillerman "spun off SFX from his former
         company, SFX Broadcasting Inc., which he sold to buy out
         Hicks, Muse, Tate & Furst Inc." (HOLLYWOOD REPORTER, 1/12).
    
    

    Print | Tags: Clear Channel/SFX Sports, Finance
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