Primedia explores options for 'New York' magazine

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New York--Confirming rumors that have swirled for months, Primedia Inc. announced Wednesday that it has retained Allen & Co. to explore “strategic options” for New York magazine. Primedia, parent company of Primedia Business Magazines & Media, said the move reflected the company’s strategy of focusing its consumer magazine business on its enthusiast titles. “We have been approached by a number of organizations interested in purchasing New York magazine,” said Primedia president-interim CEO Charles McCurdy, in a statement.
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