In this press release from Primedia they announce:
“PRIMEDIA Inc. (NYSE: PRM) today announced that its Board of Directors has authorized the Company to explore the sale of its Enthusiast Media segment (PEM).”
You might be wondering what the “Enthusiast Media segment” is. They are listed here. They are products from “Soap Opera Weekly” to “Arabian Horse World”.
I am guessing once Primedia got a taste of success from RentClicks, they are dumping their other properties to concentrate on the rental market.
What does that mean for RentVine? I am not sure but I have a tough hill to climb if they will be putting more efforts on the rental segment of their business.
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