Primedia teams with CMGI, Liberty Media Corp.

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Primedia last week announced partnerships with online company CMGI and John Malone's Liberty Media Corp. Each will take a 5% stake in Primedia. In exchange for CMGI's stake, Primedia receives 1.53 million shares of CMGI. Liberty will invest $200 million in cash in Primedia.

Copyright March 2000, Crain Communications Inc.

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