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Primedia's EBITDA up 63%

Published on .

New York--Primedia Inc. said Wednesday that its consolidated earnings before interest, taxes, depreciation and amortization from continuing businesses rose 63% in the fourth quarter. Primedia, whose stock has plummeted in the last couple of years amid the economic downturn, said consolidated EBITDA was $96 million compared with $59 million in 2001. For the year, EBITDA from continuing businesses rose 33% to $250 million, exceeding the company's year-over-year growth target of 20% to 30%. The company will release its full fourth-quarter results on Feb. 12.
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