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Macfadden Announces 2009 ESOP Allocation

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Macfadden announced today the independent appraiser for Macfadden’s Employee Stock Ownership Plan (ESOP) recently completed the company’s 2009 ESOP valuation. Based on the appraisal, Macfadden announced a stock valuation of $5.71/share, an increase in share value of approximately 8 percent over the 2008 valuation.

The value of the company’s ESOP is set annually by an independent appraiser who determines the fair market value of the stock based on a variety of factors including current revenue and earnings, corporate assets, projected profitability, the performance of comparable companies and industry trends. Macfadden’s recent valuation reflects 2009 revenue of approximately $33.6 million.