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Publishing giant announces loss


World-famous publishing company Conde Nast announced loss of £14m.

The company’s aim to reshape its business for digital future resulted in some financial struggles.

The publishing giant announced pre-tax loss in 2017 as £13.6m.

It’s revenue came down from £121m to £113m.

The company’s profit was  £6.6m in the previous year.

Conde Nast is the owner of popular magazines such as Vogue, Vanity Fair and GQ.




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