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Hearst Invests $21M in Complex Media

Hearst has invested $21 million to take a minority stake in Complex Media, a digital media company targeting millennial males with pop-culture content, which is mulling expanding into TV. Complex’s sites reaches 57 million millennial males per month and serves 192 million video views monthly. http://variety.com/2015/digital/news/hearst-invests-21-million-in-complex-media-1201598704/ #EntertainmentBiz

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