Andrews exits Primedia b-to-b unit

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Overland Park, Kan.--Tim Andrews resigned Thursday as CEO of Primedia Business Magazines & Media.

Andrews had reached the end of a three-year contract and has secured another, as yet undisclosed job, according to a spokesman.

Andrews presided over Primedia Business during one of the most difficult trade publishing environments in memory. His tenure was marked by the loss of 600 jobs in editorial, sales, production and other departments.

In an internal memo to employees, Andrews cited his desire to “create a different balance between my personal life and career” as a reason for resigning. Andrews, who lives in New York, also said his decision was “heavily influenced by the constant travel to Kansas City.”

Primedia announced on Wednesday that its earnings before interest, taxes, depreciation and amortization (EBITDA) in the fourth quarter totaled $96 million, an increase of about 63% from the same period a year earlier. Primedia is expected to report specific results from its b-to-b unit next Wednesday.

--Sean Callahan

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