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."
Diving in at the deep end is no excuse for shirking the style stakes
- 2 PornHub begs users to stop uploading video clips of Brazil getting beaten 7-1
- 3 Why I'm on the brink of burning my Israeli passport
- 4 L'Oreal cuts ties with Belgium supporter Axelle Despiegelaere after hunting trip photographs
- 5 The true Gaza back-story that the Israelis aren’t telling this week
Instagram of US airport security chiefs: Lipstick knives and IED training kits among items seized
Game of Thrones author George RR Martin says 'f*** you' to fans who fear he will die before finishing Westeros saga
Loom bands: Bids for dress made from colourful rubber reach almost £154,000 on eBay
Israel-Gaza crisis: Eight killed in Gaza Strip cafe while watching World Cup semi-final
Supermoon 2014: When and why will the moon look bigger and brighter this summer?
Sustained immigration has not harmed Britons' employment, say government advisers
Australia facing international condemnation after turning around Sri Lankans at sea
7/7 memorial defaced on anniversary of 2005 attacks with ‘Blair lied thousands died’ graffiti
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
Socialist Worker called to apologise over ‘vile’ article saying Eton schoolboy Horatio Chapple's death is ‘reason to save the polar bears’
There’s a nasty smell in the political air – and it’s coming from the Tories
iJobs Money & Business
£50000 - £70000 per annum: Harrington Starr: Business Analyst Consultant (Fina...
£300 - £350 per day + competitive: Orgtel: My client, a leading bank, is curre...
£28000 - £32000 per annum + pension, 25 days holiday: Ashdown Group: A highly ...
Negotiable: Randstad Education Birmingham: Randstad Education are seeking a Fi...