SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 8, 2006
PRIMEDIA Inc.
(Exact name of registrant as specified in its charter)
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DELAWARE |
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1-11106 |
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13-3647573 |
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(State or other Jurisdiction of Incorporation or Organization) |
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(Commission |
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(I.R.S. Employer |
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745 FIFTH AVENUE, NEW YORK, NEW YORK |
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(Address of principal executive offices) |
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10151 |
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(Zip Code) |
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Registrant’s telephone number, including area code: (212)-745-0100 |
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Item 1.01 Entry into Material Definitive Agreement
On December 7, 2006, PRIMEDIA announced it has entered into an agreement to sell all of the assets relating to its hunting, fishing, and shooting titles, to Intermedia Outdoor, Inc., an entity controlled by Intermedia Partners VII, L.P., in an all-cash transaction valued at $170 million. This divestiture is subject to customary regulatory approvals and is expected to be completed no later than the first quarter of 2007.
Item 7.01 Regulation FD Disclosure
On December 7, 2006, PRIMEDIA held a conference call to discuss the sale of its hunting, fishing and shooting titles. Furnished as Exhibit 99.2 is a copy of the transcript of such call.
Item 8.01 Other Events
On December 7, 2006, PRIMEDIA issued a press release relating to the sale of its hunting, fishing and shooting titles. A copy of the press release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit 99.1 Press Release of PRIMEDIA Inc., December 7, 2006.
Exhibit 99.2 Transcript of conference call held on December 7, 2006.
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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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PRIMEDIA Inc. |
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Date: |
December 8, 2006 |
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By: |
/s/ KEVIN J. NEARY |
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Kevin J. Neary |
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Senior Vice President, Chief Financial Officer |
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INDEX TO EXHIBITS
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Exhibit No. |
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Description |
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99.1 |
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Press Release of PRIMEDIA Inc., dated December 7, 2006 |
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99.2 |
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Transcript of conference call held on December 7, 2006 |
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