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): June 9, 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 A MATERIAL DEFINITIVE AGREEMENT
On June 9, 2006, PRIMEDIA entered into an agreement to sell substantially all of the assets of its Crafts Group to Enthusiast Media LLC, an entity controlled by affiliates of Sandler Capital Management, in an all-cash transaction valued at $132 million, subject to audit adjustments. This divestiture is subject to customary regulatory approvals and is expected to be completed in the third quarter of 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: |
June 12, 2006 |
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By: |
/s/ Christopher A. Fraser |
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Christopher A. Fraser |
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Senior Vice President, General Counsel |
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and Secretary |
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