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PRIMEDIA CEO Discusses Q3 2010 Results – Earnings Call Transcript

PRIMEDIA Inc. ( PRM)

Q3 2010 Earnings Call Transcript

October 28, 2010 10:00 am ET

Executives

Jeff Grossman – IR

Charles Stubbs – President and CEO

Kim Payne – SVP and CFO

Analysts

Jeff Berg – Matador Capital

Nadia Lovell – JP Morgan

Anthony Guido [ph] – GoldenTree Asset Management

Barry Lucas – Gabelli & Company

Presentation

Operator

Good day, ladies and gentlemen. Thank you for standing by. Welcome to the PRIMEDIA third quarter 2010 earnings conference call. During today’s presentation, all parties will be in a listen-only mode. Following the presentation, the conference will be open for questions. (Operator instructions) This conference is being recorded today, Thursday, October 28, 2010. I would now like to turn the conference over to Mr. Jeff Grossman, PRIMEDIA's Investor Relations contact. Please go ahead.

Jeff Grossman

Good morning and welcome to PRIMEDIA’s third quarter 2010 earnings conference call. I’m pleased to be joined by Charles Stubbs, our President and CEO, and Kim Payne, our CFO, along with other members of senior management. As always, we refer you to the section of our earnings release entitled Forward-Looking Statements for important factors that apply to and qualify any forward-looking statements made on this conference call. In addition, any non-GAAP financial measures mentioned on this call are reconciled to GAAP in our earnings release. Let me now turn the call over to Charles Stubbs.

Charles Stubbs

Hello, everyone, and thank you for joining us on today’s call to discuss our company's third quarter results. First, I would like to update you on our positive progress in executing against our operational and strategic initiatives. And our CFO, Kim Payne, will follow with additional details on our financial performance.

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