PRIMEDIA Completes Sale Of Modern Bride; Sale Part of Strategy to Sell Non-Core Assets and Pay Down Debt. (28-FEB-02) PR Newswire

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PRIMEDIA Completes Sale Of Modern Bride; Sale Part of Strategy to Sell Non-Core Assets and Pay Down Debt.

Publication: PR Newswire

Publication Date: 28-FEB-02

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NEW YORK -- PRIMEDIA Inc. , the leading targeted media company, announced today that it has completed the sale of its Modern Bride Group for total cash consideration of $52 million to Conde Nast Publications.

PRIMEDIA announced the sale of Modern Bride to Conde Nast on January 14, 2002,...

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