"Piers Morgan is edging closer to a £100 million valuation for his YouTube-driven media venture, Uncensored, after securing a major round of investment from some of the most influential figures in global media and finance. Sky News has revealed that Morgan is finalising a fundraising of about $30 million (£22.5 million), giving Uncensored a pre-money valuation of roughly $130 million (£97 million), a remarkable leap for a business built around a single, high-profile presenter less than a year after his departure from Rupert Murdoch's empire."
"The financing round brings in blue-chip supporters. The Raine Group, the powerful US merchant bank known for advising on the sales of Chelsea FC and Manchester United, is set to become a key shareholder, with co-founder Joe Ravitch expected to join the Uncensored board. Greek media magnate Theo Kyriakou, who owns Antenna Group, is also investing, alongside a number of global family offices. Marketing veteran Michael Kassan is advising on advertising strategy and may invest personally."
Piers Morgan's Uncensored is finalising approximately $30m (£22.5m) in fundraising, implying a pre-money valuation near $130m (£97m). The financing includes the Raine Group, with co-founder Joe Ravitch expected to join the board, Greek media owner Theo Kyriakou, and global family offices, with marketing veteran Michael Kassan advising and potentially investing. Insiders estimate Morgan's stake is worth tens of millions. Leadership hires are underway to scale Uncensored into a broader digital media group with planned editorial verticals across sport, history, technology and possibly politics. High-profile interviews, including Cristiano Ronaldo and Novak Djokovic, have driven blockbuster audience numbers.
Read at Business Matters
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