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Tuesday, October 25, 2005

The Market Comments on Primedia 

PRM: Basic Chart for PRIMEDIA INC - Yahoo! Finance

Primedia's investors have weighed in on the news that Primedia will split itself into two, and that Kelly Conlin is out as CEO. The stock is down 35% as of around 2pm EST today.

Now that's what I call unlocking shareholder value.

Watch out, VNU. KKR has its eyes on you, as well. (Tip o' the hat to Rex Hammock for the link. See his comments on Primedia here.

UPDATE (10/26/05): Deutsche Securities has upgraded Primedia from Hold to Buy, and the stock is up a bit.

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