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                                                                   Exhibit 99.4


                            CKX, INC. (THE "COMPANY")

                         COMPENSATION COMMITTEE CHARTER

PURPOSE

     The purpose of the Compensation Committee (the "Committee") shall be as
follows:

     1.   To discharge the responsibilities of the Board of Directors relating
          to the Company's compensation programs and compensation of the
          Company's executives; and

     2.   To produce an annual report on executive compensation for inclusion in
          the Company's annual proxy statement in accordance with applicable
          rules and regulations of the NASDAQ Stock Market, Securities and
          Exchange Commission (the "SEC"), and other regulatory bodies.

COMPOSITION

     The Committee shall consist of two or more members of the Board of
Directors, each of whom is determined by the Board of Directors to be
"independent" under the rules of the NASDAQ Stock Market and the Sarbanes-Oxley
Act.

APPOINTMENT AND REMOVAL

     The members of the Committee shall be appointed by the Board of Directors
and shall serve until such member's successor is duly elected and qualified or
until such member's earlier resignation or removal. The members of the Committee
may be removed with cause by a majority vote of the Board of Directors, and
without cause by a majority vote of the independent directors.

CHAIRMAN

     A Chairman shall be elected by the full Board of Directors and approved by
a majority of the independent directors. The Chairman will chair all regular
sessions of the Committee and set the agendas for Committee meetings.

MEETINGS

     The Committee shall meet as frequently as circumstances dictate. The
Chairman of the Board or any member of the Committee may call meetings of the
Committee.

     As part of its review and establishment of the performance criteria and
compensation of designated key executives, the Committee should meet separately
at least on an annual basis with the CEO and any other corporate officers as it
deems appropriate. However, the Committee should also meet from time to time
without such officers present, and in all cases, such officers shall not be
present at meetings at which their performance and compensation are being
discussed and determined. All meetings of the Committee may be held
telephonically.

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     All independent directors who are not members of the committee may attend
meetings of the Committee, but may not vote. In addition, the Committee may
invite to its meetings any director, member of management of the Company, and
such other persons as it deems appropriate in order to carry out its
responsibilities. The Committee may also exclude from its meetings any persons
it deems appropriate in order to carry out its responsibilities.

DUTIES AND RESPONSIBILITIES

     The Committee shall carry out the duties and responsibilities set forth
below. These functions should serve as a guide with the understanding that the
Committee may determine to carry out additional functions and adopt additional
policies and procedures as may be appropriate in light of changing business,
legislative, regulatory, legal, or other conditions. The Committee shall also
carry out any other responsibilities and duties delegated to it by the Board of
Directors from time to time related to the purposes of the Committee outlined in
this Charter.

     In discharging its oversight role, the Committee is empowered to study or
investigate any matter of interest or concern that the Committee deems
appropriate and shall have the sole authority to retain, without seeking Board
approval outside counsel or other experts for this purpose, including the
authority to approve the fees payable to such counsel or experts and any other
terms of retention.

SETTING COMPENSATION FOR EXECUTIVE OFFICERS AND DIRECTORS

     1.   Establish and review the overall compensation philosophy of the
          Company.

     2.   Review and approve the Company's corporate goals and objectives
          relevant to CEO and other executive officers' compensation, including
          annual performance objectives.

     3.   Evaluate the performance of the CEO and other executive officers in
          light of those goals and objectives and, based on such evaluation,
          review and approve the annual salary, bonus, stock options, and other
          benefits, direct and indirect, of the CEO and other executive
          officers.

     4.   In determining the long-term incentive component of compensation for
          the CEO and other executive officers, the Committee should consider
          the Company's performance and relative shareholder return, the value
          of similar incentive awards to CEOs and other executive officers at
          comparable companies, and the awards give to the Company's CEO and
          other executive officers in past years. The Committee is not precluded
          from approving awards (with the ratification of the Board of
          Directors) as may be required to comply with applicable tax laws, such
          as Rule 162(m).

     5.   In connection with executive compensation programs:

          (a)  Review and recommend to the full Board of Directors, or approve,
               new executive compensation programs;


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          (b)  Review on a periodic basis the operations of the Company's
               executive compensation programs to determine whether they are
               properly coordinated and achieving their intended purposes;

          (c)  Establish and periodically review polities for the administration
               of executive compensation programs; and

          (d)  Take steps to modify any executive compensation program that
               yields payments and benefits that are not reasonably related to
               executive and corporate performance, provided, however that such
               steps taken by the Committee would not cause the Company to be in
               breach of any existing, properly approved contractual
               obligations.

     6.   Establish and periodically review policies in the area of senior
          management perquisites.

     7.   Consider policies and procedures pertaining to expense accounts of
          senior executives.

     8.   Review and recommend to the full Board of Directors compensation of
          directors as well as director's and officer's indemnification and
          insurance matters.

     9.   Review and make recommendations to the full Board of Directors, or
          approve, any contracts or other transactions with current or former
          executive officers of the Company, including consulting arrangements,
          employment contracts, change-in-control, severance, or termination
          arrangements, and loans to employees made or guaranteed by the
          Company.

MONITORING INCENTIVE AND EQUITY-BASED COMPENSATION PLANS

     10.  Review and make recommendations to the Board of Directors with respect
          to the Company's incentive-compensation plans and equity-based plans,
          and review the activities of the individuals responsible for
          administering those plans.

     11.  Review and approve all equity compensation plans of the Company that
          are not otherwise subject to the approval of the Company's
          shareholders.

     12.  Review and make recommendations to the full Board of Directors, or
          approve, all awards of shares or share options pursuant to the
          Company's equity-based plans.

     13.  Monitor compliance by executives with the rules and guidelines of the
          Company's equity-based plans.

     14.  Review and monitor employee pension, profit sharing, and benefit
          plans.

     15.  Select, retain, and/or replace, as needed, compensation and benefits
          consultants and other outside consultants to provide independent
          advice to the Committee. In that connection, in the event the
          Committee retains a compensation consultant, the


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          Committee shall have the sole authority to approve such consultant's
          fees and other retention terms.

REPORTS

     16.  Prepare an annual report on executive compensation for inclusion in
          the Company's proxy statement in accordance with applicable rules and
          regulations of the NASDAQ, SEC, and other applicable regulatory
          bodies.

     17.  Report regularly to the Board of Directors with respect to matters
          that are relevant to the Committee's discharge of its responsibilities
          and with respect to such recommendations as the Committee may deem
          appropriate. The report to the Board of Directors may take the form of
          an oral report by the Chairman or any other member of the Committee
          designated by the Committee to make such report.

     18.  Maintain minutes or other records of meetings and activities of the
          Committee.


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