SBD/13/Finance

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).

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