PRIMEDIA Reports First Quarter 2011 Results

PRIMEDIA PRM today reported results for the first quarter ended March 31, 2011. First Quarter Highlights Total revenue of $54.0 million, a $5.3 million decrease compared to first quarter 2010. Apartments revenue of $45.4 million, a $3.8 million decrease compared to first quarter 2010. Adjusted EBITDA of $17.4 million, a $1.7 million increase compared to first quarter 2010. Adjusted EBITDA margin increased to 32.3% from 26.6% for first quarter 2010. Income from continuing operations increased $3.3 million to $5.8 million, or $0.13 per common share. Net income of $4.7 million, or $0.11 per common share. Free Cash Flow improved $12.8 million to $5.3 million.