Spark Networks reigned in advertising invest and stopped television advertising in Q3 of 2016, as the management that is new team a business turnaround dedicated to modernising its two primary brands, Christian Mingle & JDate.
The headlines comes given that business posted the very first group of economic outcomes since its administrator shakeup, after the investment from Chicago company PEAK6 earlier this year.
In August, investment company PEAK6 acquired 5m Spark Networks stocks for $7.8m, the Chicago company now buying 16percent regarding the company that is dating outstanding stocks.
With all the investment that is new Spark also underwent a significant leadership overhaul, with previous CEO Michael Egan being changed by Danny Rosenthal, PEAK6 Chief Architect David Budworth becoming CTO and PEAK6’s Lisa McLafferty using the part of CRO. Read More “Spark Networks’ Brand New Leadership Plots вЂModernisation’ Of Christian Mingle & JDate”