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Earnings: PA Profit Slumps On Video Investment, Murdoch Joins Board

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Press Association operator The PA Group got £5.9 million more revenue at £81.4 million in 2007 – but operating profit fell from £2.6 million to £1.4 million on “significant investment” in multimedia and its US data operation PA SportsTicker. PA has seen 25 percent growth from digital markets.

CEO Paul Potts (via PG): “We have built another layer of content