X Factor boss Simon Cowell's company suffers £11million profit fall dailymail.co.uk

Falling record sales were blamed for the plunge in takings for Simco, a banner company that includes his music and TV businesses. The company of The X Factor boss Simon Cowell has suffered an £11million fall in profits – a cut of almost a third.
Falling record sales were blamed for the plunge in takings for Simco, a banner company that includes his music and TV businesses.

Profits fell from £33.7million to £22.7million in the year to March 31, accounts show. It is the latest blow for the music mogul, 57, who has seen audience figures for ITV show The X Factor fall by 10million since 2010 to their lowest ever levels.