Fuller sells stakes in his Popworld to C4 and UBC
Tuesday 14 September 2004
Simon Fuller, the multimillionaire pop entrepreneur, added another £750,000 to his fortune as he brought UBC Media and Channel Four into his business empire yesterday.
Mr Fuller, who owns 19 Management and the PopIdol format, sold 37.5 per cent of Popworld, a music-based live performance and chat show that appears weekly on Channel Four. It is also broadcast on Channel Four's digital channel, E4, and has a nightly slot on MTV. Channel Four took a 25 per cent stake in Popworld and UBC Media, which supplies content such as traffic and news bulletins to radio stations, took a 12.5 per cent stake for £250,000. It has an option to buy a further 12.5 per cent at any time up to January 2005 at the same price.
Popworld plans to produce radio material in the same style as the television programme, which it will then syndicate to radio stations through UBC. A dedicated Popworld radio station could also emerge.
Simon Cole, the chief executive of UBC Media, said: "The programme is one of the few music shows on terrestrial television with a growing audience share - up 9 per cent this year. In digital radio, where there are so many new names for stations, you need a brand that the audience know immediately. Popworld has that with the 15 to 17-year-old market."
- 1 Kylie Jenner challenge: Bizarre lip suction device inspired by Kardashian sister goes viral
- 2 Rarest Beanie Baby bought for just £10 at car boot sale could be sold for £62,500 on eBay
- 3 Katie Hopkins and The Sun editor are reported to police for incitement to racial hatred following migrant boat column
- 4 Bruce Forsyth backs assisted dying campaign: 'If I had Alzheimer's or dementia I would do something about it'
- 5 Giorgio Armani criticises the way some gay men dress saying 'a man has to be a man'
Rarest Beanie Baby bought for just £10 at car boot sale could be sold for £62,500 on eBay
Katie Hopkins and The Sun editor are reported to police for incitement to racial hatred following migrant boat column
Australian student Tommy Connolly, 23, adopts his pregnant, homeless 17-year-old cousin to give her a chance at 'a better life'
Giorgio Armani criticises the way some gay men dress saying 'a man has to be a man'
Electronic waste worth £34bn piling up in 'toxic mine', warns UN report
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
Food banks: One million Britons will soon be using them, according to Trussell Trust
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
iJobs Money & Business
£30 - 35k (DOE): Guru Careers: We are seeking a Pricing Analyst with experienc...
£24000 - £26000 per annum + benefits : Ashdown Group: A highly successful, glo...
£21000 - £24000 per annum: Ashdown Group: The Ashdown Group has been engaged b...
£45000 - £50000 per annum + benefits : Ashdown Group: A highly successful, int...