PlentyOfFish for Match.com owner at $575 million

IAC/InterActive Corp’s Match Group, which owns Match.com, agreed to buy dating website PlentyOfFish for $575 million to push deeper into the lucrative mobile-based dating business, ahead of its planned public listing. Canada-based PlentyOfFish was launched in 2003 and has over 90 million registered users worldwide, 80 percent of whom access the services on mobile devices, according to its website. The company’s founder and Chief Executive Markus Frind grew the site to 10 million users on his own while running the company out of his Vancouver apartment.

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German newspaper sales stabilize as readers pay online

FRANKFURT/BERLIN (Reuters) – German newspaper revenues stabilized in 2014 after years of decline as publishers compensated for falling advertising sales by persuading more readers to pay for news online. Total revenues fell 0.6 percent to 7.76 billion euros ($8.57 billion) in Europe’s biggest newspaper market, the Federation of German Newspaper Publishers (BDZV) said, compared with a 4.4 percent decline in 2013.

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