PRIMEDIA, the parent company of Channel One, announced record first quarter sales from continuing businesses of $328.5 million and record earnings of $63.1 (EBITDA)

April 23, 1998
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“The Education segment’s record first quarter sales and EBITDA from continuing businesses largely reflect continued advertising strength at Channel One…,” said William Reilly, chairman and chief executive officer of PRIMEDIA.

Channel One continues to convert taxpayer money to their private profit. Jim Metrock, Obligation president said, “Our students aren’t benefiting, our schools aren’t benefiting, and taxpayers aren’t benefiting, but Channel One is laughing all the way to their Madison Avenue bank.”

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