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Primedia, Inc.


Primedia, Inc. (New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
) has agreed to sell its Pictorial (Indianapolis, IN) unit to BISYS Group Inc. (Little Falls Little Falls is the name of some places in the United States of America:
  • Little Falls, Minnesota
  • Little Falls, New Jersey
  • Little Falls (city), New York
  • Little Falls (town), New York
, NJ) for $129 million in cash. The sale is part of Primedia's plan to divest To deprive or take away.

Divest is usually used in reference to the relinquishment of authority, power, property, or title. If, for example, an individual is disinherited, he or she is divested of the right to inherit money.
 up to 20 properties with the expectation of using sale proceeds for debt repayment. Pictorial provides training and licensing management to insurance carriers and agents. BISYS provides services to financial and insurance companies.
COPYRIGHT 2000 JK Publishing, Inc
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:divestments, BISYS Group Inc., Pictorial Inc.
Comment:Primedia, Inc.(divestments, BISYS Group Inc., Pictorial Inc.)
Publication:Business Publisher
Article Type:Brief Article
Geographic Code:1USA
Date:May 31, 2000
Words:67
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