UNITED STATES
SECURITIES EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
PRIMEDIA INC.
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(Name of Issuer)
Common Stock, $0.01 par value per share
------------------------------------------
(Title of Class of Securities)
74157K846
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(CUSIP Number)
December 31, 2007
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(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[X ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).
Continued on following pages
Page 1 of 7 Pages
Page 2 of 7 Pages
................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
GLENVIEW CAPITAL MANAGEMENT, LLC
................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
................................................................................
3. SEC Use Only
................................................................................
4. Citizenship or Place of Organization
Delaware
................................................................................
Number of 5. Sole Voting Power None
Shares .......................................................
Beneficially 6. Shared Voting Power 3,457,636
Owned by Each .......................................................
Reporting 7. Sole Dispositive Power None
Person With .......................................................
8. Shared Dispositive Power 3,457,636
................................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
3,457,636
................................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
[ ]
................................................................................
11. Percent of Class Represented by Amount in Row (9)
7.83% based on 44,140,930 shares outstanding as of November 1, 2007.
................................................................................
12. Type of Reporting Person:
OO
Page 3 of 7 Pages
................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
LAWRENCE M. ROBBINS
................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
................................................................................
3. SEC Use Only
................................................................................
4. Citizenship or Place of Organization
United States of America
................................................................................
Number of 5. Sole Voting Power None
Shares .......................................................
Beneficially 6. Shared Voting Power 3,457,636
Owned by Each .......................................................
Reporting 7. Sole Dispositive Power None
Person With .......................................................
8. Shared Dispositive Power 3,457,636
...............................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
3,457,636
................................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
[ ]
................................................................................
11. Percent of Class Represented by Amount in Row (9)
7.83% based on 44,140,930 shares outstanding as of November 1, 2007.
................................................................................
12. Type of Reporting Person:
IN
Page 4 of 7 Pages
Item 1(a). Name of Issuer:
Primedia Inc. (the "Issuer")
Item 1(b). Address of Issuer's Principal Executive Offices:
3585 Engineering Drive, Norcross, GA 30092.
Item 2(a). Name of Person Filing
This Statement is filed on behalf of each of the following
persons (collectively, the "Reporting Persons"):
i) Glenview Capital Management, LLC ("Glenview Capital
Management");
ii) Lawrence M. Robbins ("Mr. Robbins").
This Statement relates to Shares (as defined herein) held for the
accounts of Glenview Capital Partners, L.P., a Delaware limited partnership
("Glenview Capital Partners"), Glenview Capital Master Fund, Ltd., a Cayman
Islands exempted company ("Glenview Capital Master Fund"), Glenview
Institutional Partners, L.P., a Delaware limited partnership ("Glenview
Institutional Partners"), GCM Little Arbor Master Fund, Ltd., a Cayman Islands
exempted company ("GCM Little Arbor Master Fund"), GCM Little Arbor
Institutional Partners, L.P., a Delaware limited partnership ("GCM Little
Arbor Institutional Partners") and GCM Little Arbor Partners, L.P., a Delaware
limited partnership ("GCM Little Arbor Partners").
Glenview Capital Management serves as investment manager to each
of Glenview Capital Partners, Glenview Capital Master Fund, Glenview
Institutional Partners, GCM Little Arbor Master Fund, GCM Little Arbor
Institutional Partners and GCM Little Arbor Partners. In such capacity,
Glenview Capital Management may be deemed to have voting and dispositive power
over the Shares held for such accounts. Mr. Robbins is the Chief Executive
Officer of Glenview Capital Management.
Page 5 of 7 Pages
Item 2(b). Address of Principal Business Office or, if None, Residence:
The address of the principal business office of each of Glenview
Capital Management and Mr. Robbins is 767 Fifth Avenue, 44th Floor, New York,
New York 10153.
Item 2(c). Citizenship:
i) Glenview Capital Management is a Delaware limited liability
company;
ii) Mr. Robbins is a citizen of the United States of America.
Item 2(d). Title of Class of Securities:
Common Stock (the "Shares")
Item 2(e). CUSIP Number:
74157K846
Item 3. If This Statement is Filed Pursuant to ss.ss.240.13d-1(b) or
240.13d-2(b) or (c),
Check Whether the Person Filing is a:
This Item 3 is not applicable.
Item 4. Ownership:
Item 4(a). Amount Beneficially Owned:
As of December 31, 2007, each of Glenview Capital Management and
Mr. Robbins may be deemed to be the beneficial owner of 3,457,636 Shares. This
amount consists of: (A) 141,201 Shares held for the account of Glenview
Capital Partners; (B) 2,057,323 Shares held for the account of Glenview
Capital Master Fund; (C) 970,796 Shares held for the account of Glenview
Institutional Partners; (D) 242,215 Shares held for the account of GCM Little
Arbor Master Fund; (E) 43,641 Shares held for the account of GCM Little Arbor
Institutional Partners; and (F) 2,460 Shares held for the account of GCM
Little Arbor Partners.
Item 4(b). Percent of Class:
The number of Shares of which each of Glenview Capital Management
and Mr. Robbins may be deemed to be the beneficial owner constitutes
approximately 7.83% of the total number of Shares outstanding (based upon
information provided by the Issuer in its most recently-filed quarterly report
on Form 10-Q, there were 44,140,930 shares outstanding as of November 1,
2007).
Page 6 of 7 Pages
Item 4(c). Number of Shares of which such person has:
Glenview Capital Management and Mr. Robbins:
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(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 3,457,636
(iii) Sole power to dispose or direct the
disposition of: 0
(iv) Shared power to dispose or direct the
disposition of: 3,457,636
Item 5. Ownership of Five Percent or Less of a Class:
This Item 5 is not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
This Item 6 is not applicable.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company:
See disclosure in Item 2 hereof.
Item 8. Identification and Classification of Members of the Group:
This Item 8 is not applicable.
Item 9. Notice of Dissolution of Group:
This Item 9 is not applicable.
Item 10. Certification:
By signing below each of the Reporting Persons certifies that, to
the best of their knowledge and belief, the securities referred to above were
not acquired and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a participant in any
transaction having that purpose or effect.
Page 7 of 7 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Date: February 14, 2008 GLENVIEW CAPITAL MANAGEMENT, LLC
By: /s/ Lawrence M. Robbins
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Name: Lawrence M. Robbins
Title: Chief Executive Officer
Date: February 14, 2008 LAWRENCE M. ROBBINS
/s/ Lawrence M. Robbins
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