884382--3/13/2007--PRIMEDIA

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General economic trends, as well as trends in advertising spending and competition, may reduce our advertising and circulation revenues. We have substantial indebtedness, which consumes a significant portion of the cash flow that we generate. Our debt instruments limit our business flexibility by imposing operating and financial restrictions on our operations. Kohlberg Kravis Roberts Co. L.P., or KKR, has control of our common stock and has the power to elect all the members of our board of directors and to approve any action requiring stockholder approval. If we do not continue to innovate and provide online products and services that are useful to users, our revenues and operating results could suffer. Increases in paper and postage costs may have an adverse impact on our future financial results. We depend on some important employees, and the loss of any of those employees may harm our business. We may be unable to realize the benefits of our net operating loss carryforwards and, as a result, lose our future tax savings, which could have a negative impact on our liquidity and financial position. Future legislation may result in our inability to realize the tax benefits of our NOLs. Our use of NOL carryforwards could be limited by ownership changes.

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884382--3/13/2007--PRIMEDIA_INC