INSIDERMEDIA – June 10 – Annual revenues have plummeted by ~£10m at Venntro Media Group, the umbrella company behind Global Personals and the White Label Dating. Venntro reported turnover of £35.2M for the year ended 31 August 2015, a significant drop from £44.3M a year earlier. Former CEO (now Chairman), Ross Williams, said the online dating industry experienced "a number of seismic shifts" during the 12-month period that left "even the most well established companies facing major challenges".
by Muhamad Aldalou
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Summarized by the Courtland Brooks team