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 »