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Useless ChannelUp.exe - Useless
channelup.exe
Adware-BuddyLinks application. This is not a virus or trojan.
It is an potentially unwanted program that requires users to download an installer, agreeing to the terms of the program, which includes sending a messages to all users on your AOL Instant Messenger buddy list with a link to the installer page.

This application works when visiting the www.wgutv.com or download.buddylinks.net websites.
Once this page has loaded, users are prompted to install and run a program.

The application creates some files and folders:
%Program Files%\buddylinks.net
%Program Files%\Common Files\PSD Tools

Adds the key to the system registry:
HKEY_CURRENT_USER\Software\Microsoft\Windows\CurrentVersion\Run
"PSD Tools Channel" = C:\Program Files\Common Files\PSD Tools\ChannelUp.exe

The following registry keys are also evidence that this application was run:
HKEY_CLASSES_ROOT\Interface\{00D38C81-14B3-44DE-B023-3BDC5BDE4FEC
HKEY_CLASSES_ROOT\CLSID\{FDDCE9FF-1FC6-413C-80B1-37B101FDA1D4}

Removal Instructions:
To uninstall this application, use the ADD/REMOVE Programs Control Panel and remove the applications related to:
BuddyLinks
PSDT Messaging Integration
PSD Tools ChannelUp v1.0 (remove only)

And use RegRun Startup Optimizer to remove this adware.

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