Primedia net income drops amid rent opportunities
06 Nov 2008
Real estate magazine and Web publisher Primedia saw a Q3 net income drop of $381.8 million, which the company said was related to the sale of its Enthusiast Media segment in May 2007. The company reported net income of $12 million in Q3 compared to $393.8 million a year ago. Revenue in the quarter was also down 4.9 percent to $76.4 million from $80.3 million in Q3.