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THE FALK OF THE TOWN: AGENT SELLS SFX SHARES IN DECEMBER
Published January 13, 1999
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).