Business News

PRIMEDIA Exploring Strategic Alternatives

Tuesday 11. January 2011 - PRIMEDIA Inc. (NYSE: PRM), the premier vertical search company in the business of providing renters and new home buyers with the information and tools they need to find the ideal place to live, today announced that it is exploring a variety of strategic alternatives, including a possible sale of the Company.

The Company further stated that as a part of the process, the Board of Directors had retained Moelis & Company, LLC as its financial advisor.
The Company has not set a definitive timetable for completing its exploration of strategic alternatives and there can be no assurance that the process will result in any transaction. The Company does not expect to make further public comment regarding these matters while its exploration process continues.