By Noel Young

Vice Media, a company that combines punk culture with online journalism, is poised to double revenue to $1 billion by 2016 and may pursue an initial public offering, co-founder Shane Smith has said.

The company, backed by billionaire Rupert Murdoch, expects to reach that mark in 12 to 18 months, with profit margins targeted to widen to 50 percent of sales from 34 percent now, Smith, 44, said in an interview with Bloomberg TV.

Vice Media attracts a male viewer coveted by Web and TV advertisers, said the report. Examples: young, sometimes tattooed reporters filing stories from a snake-infested island off Read full story ›

Source: The Drum