PRIMEDIA Inc. Announces Receipt of Requisite Consents in Consent Solicitations and Tender Offers for Its Debt Securities

Business Wire, July 13, 2007

NEW YORK -- PRIMEDIA Inc. (NYSE: PRM) (the "Company") announced today that it has received the requisite consents to adopt all of the proposed amendments to the indentures related to its outstanding Senior Floating Rate Notes due 2010 (the "Floating Rate Notes"), 8 7/8 % Senior Notes due 2011 (the "2011 Notes") and 8% Senior Notes due 2013 (the "2013 Notes," and together with the Floating Rate Notes and the 2011 Notes, the "Notes") that have been the subject of its consent solicitations and related cash tender offers. As of 5:00 p.m., New York City time, on July 12, 2007 (the "Consent Payment Deadline"), the Company had received consents and tendered Notes in respect of 100% of the aggregate principal amount of the Floating Rate Notes, approximately 95% of the aggregate principal amount of the 2011 Notes and approximately 99% of the aggregate principal amount of the 2013 Notes.

It is expected that supplemental indentures effecting the proposed amendments will be executed shortly but such proposed Amendments will only become operative immediately prior to the acceptance for payment of all Notes of such series that are validly tendered (and not previously withdrawn) on or prior to the Consent Payment Deadline.

The Consent Payment Deadline with respect to the tender offers and consent solicitations has now passed and withdrawal rights have terminated. Holders of Notes who have not already tendered their Notes may do so at any time on or prior to midnight, New York City time, on August 2, 2007 (unless extended or earlier terminated by the Company, the "Offer Expiration Date"), but such holders will only be eligible to receive the applicable tender offer consideration, which is an amount, paid in cash, equal to the applicable total consideration less the applicable consent payment, for their Notes.

In each case, holders whose Notes are accepted for payment in the tender offers will receive accrued and unpaid interest in respect of such purchased Notes from the last interest payment date to, but not including, the applicable payment date for Notes purchased in the tender offers.

The tender offers and consent solicitations relating to the Notes are being made upon the terms and conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated June 27, 2007 (the "Offer to Purchase") and the related Consent and Letter of Transmittal, as amended by the Company's press release issued on June 27, 2007.

The Company has retained Goldman, Sachs & Co. and Lehman Brothers Inc. to act as the Dealer Managers for the tender offers and Solicitation Agents for the consent solicitations. Persons with questions regarding the tender offers and the consent solicitations should contact Goldman, Sachs & Co. at (877) 686-5059 (toll-free) or (212) 902-9077 (collect) or Lehman Brothers Inc. at (800) 438-3242 (toll-free) or (212) 528-7581 (collect). Requests for documentation may be directed to Global Bondholder Services Corporation, the Information Agent, which can be contacted at (212) 430-3774 (for banks and brokers only) or (866) 924-2200 (for all others toll free).

This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell the Notes. The offers to buy the Notes only are being made pursuant to the tender offer and consent solicitation documents, including the Offer to Purchase that the Company is distributing to holders of Notes. The tender offers and consent solicitations are not being made to holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the tender offers or consent solicitations are required to be made by a licensed broker or dealer, they shall be deemed to be made by Goldman, Sachs & Co. and Lehman Brothers Inc. on behalf of the Company.

About PRIMEDIA

PRIMEDIA Inc. is the parent company of Consumer Source Inc., the #1 publisher and distributor of free consumer guides in the U.S. with Apartment Guide, Auto Guide, and New Home Guide, distributing free consumer publications through its proprietary distribution network, DistribuTech, in more than 60,000 locations. Consumer Source owns and operates leading websites including ApartmentGuide.com, AutoGuide.com, NewHomeGuide.com; and America's largest online single unit rental property business, comprised of RentClicks.com, RentalHouses.com, HomeRentalAds.com, and Rentals.com.

Forward-Looking Statements

This release contains forward-looking statements as that term is used under the Private Securities Litigation Act of 1995. These forward-looking statements are based on the current assumptions, expectations and projections of the Company's management about future events. Although the assumptions, expectations and projections reflected in these forward-looking statements represent management's best judgment at the time of this release, the Company can give no assurance that they will prove to be correct. Numerous factors, including those related to market conditions and those detailed from time-to-time in the Company's filings with the Securities and Exchange Commission, may cause results of the Company to differ materially from those anticipated in these forward-looking statements. Many of the factors that will determine the Company's future results are beyond the ability of the Company to control or predict. These forward-looking statements are subject to risks and uncertainties and, therefore, actual results may differ materially. The Company cautions you not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise. All references to "Company" and "PRIMEDIA" as used throughout this release refer to PRIMEDIA Inc. and its subsidiaries.