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                                                                   Exhibit 99.5


                            CKX, INC. (THE "COMPANY")

                NOMINATING/CORPORATE GOVERNANCE COMMITTEE CHARTER

PURPOSE

     The purpose of the Nominating/Corporate Governance Committee (the
"Committee") shall be as follows:

     1.   To identify individuals qualified to become board members and to
          select, or to recommend that the Board of Directors select, the
          director nominees for the next annual meeting of stockholders;

     2.   To develop and recommend to the Board of Directors a set of corporate
          governance principles applicable to the Company; and

     3.   To oversee the selection and composition of committees of the Board of
          Directors and, as applicable, oversee management continuity planning
          processes.

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" in accordance with 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 or without cause, by a majority vote of the Board of
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. All meetings of the Committee may be held telephonically.

     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

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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, without seeking Board approval,
to retain outside counsel or other experts for this purpose, including the sole
authority to approve the fees payable to such counsel or experts and any other
terms of retention.

BOARD SELECTION, COMPOSITION, AND EVALUATION

     1.   Establish criteria for the selection of new directors to serve on the
          Board of Directors.

     2.   Identify individuals believed to be qualified as candidates to serve
          on the Board of Directors and select, or recommend that the Board of
          Directors select, the candidates for all directorships to be filled by
          the Board of Directors or by the shareholders at an annual or special
          meeting. In identifying candidates for membership on the Board of
          Directors, the Committee shall take into account all factors it
          considers appropriate, which may include strength of character, mature
          judgment, career specialization, relevant technical skills, diversity,
          and the extent to which the candidate would fill a present need on the
          Board of Directors.

     3.   Review and make recommendations to the full Board of Directors, or
          determine, whether members of the Board should stand for re-election.
          Consider matters relating to the retirement of Board members,
          including term limits or age caps.

     4.   In the case of a director nominated to fill a vacancy on the Board of
          Directors due to an increase in the size of the Board, recommend to
          the Board of Directors the class of directors in which the
          director-nominee should serve.

     5.   Conduct all necessary and appropriate inquiries into the backgrounds
          and qualifications of possible candidates. In that connection, the
          Committee shall have sole authority to retain and to terminate any
          search firm to be used to assist it in identifying candidates to
          serve, as directors of the Company, including sole authority to
          approve the fees payable to such search firm and any other terms of
          retention.

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     6.   Consider questions of independence and possible conflicts of interest
          of members of the Board of Directors and executive officers.

     7.   Review and make recommendations, as the Committee deems appropriate,
          regarding the composition and size of the Board of Directors in order
          to ensure the Board has the requisite expertise and its membership
          consists of persons with sufficiently diverse and independent
          backgrounds.

     8.   Oversee the evaluation of, at least annually, and as circumstances
          otherwise dictate, the Board of Directors and management.

COMMITTEE SELECTION AND COMPOSITION

     9.   Recommend members of the Board of Directors to serve on the committees
          of the Board, giving consideration to the criteria for service on each
          committee as set forth in the charter for such committee, as well as
          to any other factors the Committee deems relevant, and when
          appropriate, make recommendations regarding the removal of any member
          of any committee.

     10.  Recommend members of the Board of Directors to serve as the Chair of
          the committees of the Board of Directors.

     11.  Establish, monitor, and recommend the purpose, structure, and
          operations of the various committees of the Board of Directors, the
          qualifications and criteria for membership on each committee of the
          Board, and as circumstances dictate, make any recommendations
          regarding periodic rotation of directors among the committees and
          impose any term limitations of service on any Board committee.

     12.  Periodically review the charter and composition of each committee of
          the Board of Directors and make recommendations to the Board for the
          creation of additional committees or the elimination of Board
          committees. [14f STATES THAT COMMITTEE WILL ALSO RECOMMEND
          COMPENSATION FOR NON-EMPLOYEE DIRECTORS. MORE APPROPRIATE FOR
          COMPENSATION COMMITTEE TO MAKE SUCH RECOMMENDATIONS AND, ACCORDINGLY,
          THESE FORMS ARE DRAFTED AS SUCH. NB: NEED TO EDIT 14f]

CORPORATE GOVERNANCE

     13.  Consider the adequacy of the certificate of incorporation and by-laws
          of the Company and recommend to the Board of Directors, as conditions
          dictate, that it propose amendments to the certificate of
          incorporation and by-laws for consideration by the shareholders.

     14.  Develop and recommend to the Board of Directors a set of corporate
          governance principles and keep abreast of developments with regard to
          corporate governance to enable the Committee to make recommendations
          to the Board of Directors in light of such developments as may be
          appropriate.

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     15.  Consider policies relating to meetings of the Board of Directors. This
          may include meeting schedules and locations, meeting agendas, and
          procedures for delivery of materials in advance of meetings.

CONTINUITY / SUCCESSION PLANNING PROCESS

     16.  Oversee and approve the management continuity planning process. Review
          and evaluate the succession plans relating to the CEO and other
          executive officer positions and make recommendations to the Board of
          Directors with respect to the selection of individuals to occupy these
          positions.

REPORTS

     17.  Report regularly to the Board of Directors (a) following meetings of
          the Committee, (b) with respect to such other matters as are relevant
          to the Committee's discharge of its responsibilities, and (c) 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.