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Vice Media's UK Profits Down

Vice Media, the multimedia content company that recently sold a stake to Rupert Murdoch's 21st Century Fox, suffered an 89% slump in profits for its UK business in 2012 after reinvesting for growth. Across its European business as a whole, including the UK, the provider of music, fashion and quixotic journalism from international troublespots also reported a pre-tax profit decline year on year in 2012, while revenue was up.

Read the whole story at The Guardian »

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