Primedia ( PRM) Closing price: $3.60 (May 26) Annual Dividend: 28 cents Dividend Yield: 7.8% (forward annual) Recent developments: On April 29, Primedia reported first-quarter earnings from continuing operations of 6 cents a share, compared with a year-ago loss of a penny a share. Total revenue fell to $59.3 million from $68.5 million in the year-ago period. Primedia said that given general economic and market conditions, it has limited visibility around 2010 revenue. It currently expects to see a 5.5% to 6.5% year-over-year decline in second-quarter apartment revenue. Investors should be warned that Primedia currently has a book value per share of -$2.34, although a P/E ratio trailing 12 months of 7.79 is below that of many other fellow media companies.