Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of PRIMEDIA, Inc., in Connection with the Proposed Acquisition of the Company by TPG Capital

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of PRIMEDIA Inc. (“PRIMEDIA” or the “Company”) (NYSE:PRM) related to the Company’s agreement to be acquired by affiliates of TPG Capital. The proposed transaction is valued at approximately $525 million.

Under the terms of the definitive agreement entered into by the parties, PRIMEDIA shareholders will receive $7.10 in cash for each share they own of the Company’s common stock. The transaction is expected to be completed in the third quarter of 2011. The proposed transaction was unanimously approved by the Company’s board of directors. In addition, stockholders holding approximately 58% of PRIMEDIA’s outstanding common shares have executed a written consent approving the transaction. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by PRIMEDIA’s board of directors

If you are a shareholder of PRIMEDIA, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at [phone], Toll Free at [phone], or by email to [e-mail], or visit our website at http://www.howardsmithlaw.com.