Exhibit 99.2

                         NOTICE OF GUARANTEED DELIVERY
                                WITH RESPECT TO
                        K-III COMMUNICATIONS CORPORATION
                          8 1/2% SENIOR NOTES DUE 2006
 
    This form must be used by a holder of the 8 1/2% Senior Notes due 2006 (the
"Old Notes") of K-III Communications Corporation ("K-III") who wishes to tender
Old Notes to the Exchange Agent pursuant to the guaranteed delivery procedures
described in "The Exchange Offers--Guaranteed Delivery Procedures" of the
Prospectus dated July 24, 1996 (the "Prospectus") and in Instruction 2 to the
Letter of Transmittal. Any holder who wishes to tender Old Notes pursuant to
such guaranteed delivery procedures must ensure that the Exchange Agent receives
this Notice of Guaranteed Delivery prior to the Expiration Date of the Notes
Exchange Offer. Capitalized terms not defined herein have the meanings ascribed
to them in the Prospectus or the Letter of Transmittal.
 
    To: The Bank of New York, Exchange Agent
 


                                     By Facsimile
         By Mail:                    Transmission:           By Hand or Overnight Courier:
                                                       
  Reorganization Section            (212) 571-3080               Reorganization Section
101 Barclay Street--7 East                                     101 Barclay Street--7 East
    New York, NY 10286           Confirm by Telephone:             New York, NY 10286
  Attention: Henry Lopez            (212) 815-2742               Attention: Henry Lopez

 
DELIVERY OF THIS NOTICE OF GUARANTEED DELIVERY TO AN ADDRESS OTHER THAN AS SET
FORTH ABOVE OR TRANSMISSION VIA A FACSIMILE NUMBER OTHER THAN AS SET FORTH ABOVE
WILL NOT CONSTITUTE A VALID DELIVERY.
 
              PLEASE READ THE ACCOMPANYING INSTRUCTIONS CAREFULLY
 
Ladies and Gentlemen:
 
    The undersigned hereby tenders to K-III, upon the terms and subject to the
conditions set forth in the Prospectus and the related Letter of Transmittal,
receipt of which is hereby acknowledged, the principal amount of Old Notes
specified below pursuant to the guaranteed delivery procedures set forth in the
Prospectus and in Instruction 2 of the Letter of Transmittal. The undersigned
hereby tenders the principal amount Old Notes listed below:
 


- ----------------------------------------------------------------------------------------------
       CERTIFICATE NUMBER(S) (IF KNOWN)            PRINCIPAL AMOUNT OF     PRINCIPAL AMOUNT OF
                 OF OLD NOTES                       NOTES REPRESENTED        NOTES TENDERED
                                                                     
       --------------------------------            -------------------     -------------------
       --------------------------------            -------------------     -------------------
       --------------------------------            -------------------     -------------------
       --------------------------------            -------------------     -------------------


 
/ / Depository Trust Company
  (check if Old Notes will be tendered by book-entry transfer)
 
                                   SIGN HERE
Name of Holder: ________________________________________________________________

Signature(s): __________________________________________________________________

Name(s) (please print): ________________________________________________________

Address: _______________________________________________________________________

         _______________________________________________________________________

Telephone Number: ______________________________________________________________

Date: __________________________________________________________________________

                                   GUARANTEE
                    (NOT TO BE USED FOR SIGNATURE GUARANTEE)
 
    The undersigned, a firm which is a member of a registered national
securities exchange or of the National Association of Securities Dealers, Inc.,
or is a commercial bank or trust company having an office or correspondent in
the United States, or is otherwise an "eligible guarantor institution" within
the meaning of Rule 17Ad-15 under the Securities Exchange Act of 1934, as
amended, guarantees deposit with the Exchange Agent of the Letter of Transmittal
(or facsimile thereof), together with the Old Notes tendered hereby in proper
form for transfer and any other required documents, all by 5:00 p.m., New York
City time, on the fifth business day following the Expiration Date.
 
                                   SIGN HERE
                        Name of firm: ___________________________

                        Authorized Signature: ___________________

                        Name (please print): ____________________

                        Address: ________________________________

                                 ________________________________

                                 ________________________________

                        Telephone Number: _______________________

                        Date: ___________________________________
 
DO NOT SEND NOTES WITH THIS FORM. ACTUAL SURRENDER OF NOTES MUST BE MADE
PURSUANT TO, AND BE ACCOMPANIED BY, AN EXECUTED LETTER OF TRANSMITTAL.
 
                 INSTRUCTIONS FOR NOTICE OF GUARANTEED DELIVERY
 
    1. DELIVERY OF THIS NOTICE OF GUARANTEED DELIVERY. A properly completed and
duly executed copy of this Notice of Guaranteed Delivery and any other documents
required by this Notice of Guaranteed Delivery must be received by the Exchange
Agent at its address set forth herein prior to the Expiration Date. The method
of delivery of this Notice of Guaranteed Delivery and any other required
documents to the Exchange Agent is at the election and risk of the holder, and
the delivery will be deemed made only when actually received by the Exchange
Agent. If delivery is by mail, registered mail with return receipt requested,
properly insured, is recommended. Instead of delivery by mail, it is recommended
that the holder use an overnight or hand delivery service. In all cases
sufficient time should be allowed to assure timely delivery. For a description
of the guaranteed delivery procedure, see Instruction 2 of the Letter of
Transmittal.
 
    2. SIGNATURES ON THIS NOTICE OF GUARANTEED DELIVERY. If this Notice of
Guaranteed Delivery is signed by the registered holder(s) of the Old Notes
referred to herein, the signature must correspond with the name(s) written on
the face of the Old Notes without alteration, enlargement, or any change
whatsoever.
 
    If this Notice of Guaranteed Delivery is signed by a person other than the
registered holder(s) of any Old Notes listed, this Notice of Guaranteed Delivery
must be accompanied by appropriate bond powers, signed as the name of the
registered holder(s) appears on the Old Notes.
 
    If this Notice of Guaranteed Delivery is signed by a trustee, executor,
administrator, guardian, attorney-in-fact, officer of a corporation, or other
person acting in a fiduciary or representative capacity, such person should so
indicate when signing.
 
    3. REQUESTS FOR ASSISTANCE OR ADDITIONAL COPIES. Questions and requests for
assistance and requests for additional copies of the Prospectus may be directed
to the Exchange Agent at the address specified in the Prospectus. Holders may
also contact their broker, dealer, commercial bank, trust company, or other
nominee for assistance concerning the Notes Exchange Offer.


                         NOTICE OF GUARANTEED DELIVERY
                                WITH RESPECT TO
                        K-III COMMUNICATIONS CORPORATION
                  $10.00 SERIES C EXCHANGEABLE PREFERRED STOCK
 
    This form must be used by a holder of the $10.00 Series C Exchangeable
Preferred Stock (the "Old Preferred Stock") of K-III Communications Corporation
("K-III") who wishes to tender shares of Old Preferred Stock to the Exchange
Agent pursuant to the guaranteed delivery procedures described in "The Exchange
Offers--Guaranteed Delivery Procedures" of the Prospectus dated July 24, 1996
(the "Prospectus") and in Instruction 2 to the Letter of Transmittal. Any holder
who wishes to tender shares of Old Preferred Stock pursuant to such guaranteed
delivery procedures must ensure that the Exchange Agent receives this Notice of
Guaranteed Delivery prior to the Expiration Date of the Preferred Stock Exchange
Offer. Capitalized terms not defined herein have the meanings ascribed to them
in the Prospectus or the Letter of Transmittal.
 
    To: The Bank of New York, Exchange Agent
 

                                                            
           By Mail:                By Facsimile Transmission:          By Hand or Overnight
       Tender & Exchange           (For Eligible Institutions                Courier:
          Department                          Only)                      Tender & Exchange
        P.O. Box 11248                   (212) 815-6213                     Department
     Church Street Station            Confirm Facsimile by              101 Barclay Street
    New York, NY 10286-1248                Telephone:               Receive and Deliver Window
                                     (For Confirmation Only)            New York, NY 10286
                                         (800) 507-9357

 
DELIVERY OF THIS NOTICE OF GUARANTEED DELIVERY TO AN ADDRESS OTHER THAN AS SET
FORTH ABOVE OR TRANSMISSION VIA A FACSIMILE NUMBER OTHER THAN AS SET FORTH ABOVE
WILL NOT CONSTITUTE A VALID DELIVERY.
 
              PLEASE READ THE ACCOMPANYING INSTRUCTIONS CAREFULLY
 
Ladies and Gentlemen:
 
    The undersigned hereby tenders to K-III, upon the terms and subject to the
conditions set forth in the Prospectus and the related Letter of Transmittal,
receipt of which is hereby acknowledged, the number of shares of Old Preferred
Stock specified below pursuant to the guaranteed delivery procedures set forth
in the Prospectus and in Instruction 2 of the Letter of Transmittal. The
undersigned hereby tenders the shares of Old Preferred Stock listed below:
 


- --------------------------------------------------------------------------------------------
       CERTIFICATE NUMBER(S) (IF KNOWN)             NUMBER OF SHARES        NUMBER OF SHARES
       OF SHARES OF OLD PREFERRED STOCK                REPRESENTED              TENDERED
       --------------------------------             ----------------        ----------------
                                                                     
       --------------------------------             ----------------        ----------------
       --------------------------------             ----------------        ----------------
       --------------------------------             ----------------        ----------------
       --------------------------------             ----------------        ----------------

 
/ / The Depositary Trust Company
  (check if Old Preferred Stock will be tendered by book-entry transfer)
Account Number: ________________________________________________________________
 
                                   SIGN HERE
Name of Holder: ________________________________________________________________

Signature(s): __________________________________________________________________

Name(s) (please print): ________________________________________________________

Address:________________________________________________________________________

        ________________________________________________________________________

Telephone Number: ______________________________________________________________

Date: __________________________________________________________________________

                                   GUARANTEE
                    (NOT TO BE USED FOR SIGNATURE GUARANTEE)
 
    The undersigned, a firm which is a member of a registered national
securities exchange or of the National Association of Securities Dealers, Inc.,
or is a commercial bank or trust company having an office or correspondent in
the United States, or is otherwise an "eligible guarantor institution" within
the meaning of Rule 17Ad-15 under the Securities Exchange Act of 1934, as
amended, guarantees deposit with the Exchange Agent of the Letter of Transmittal
(or facsimile thereof), together with the shares of Old Preferred Stock tendered
hereby in proper form for transfer and any other required documents, all by 5:00
p.m., New York City time, on the fifth business day following the Expiration
Date.
 
                       ------------------------------------------
                                   SIGN HERE

                        Name of firm: ___________________________

                        Authorized Signature: ___________________

                        Name (please print): ____________________

                        Address:_________________________________

                                _________________________________

                                _________________________________

                        Telephone Number: _______________________

                        Date: ___________________________________
                       ------------------------------------------

DO NOT SEND SHARES WITH THIS FORM. ACTUAL SURRENDER OF SHARES MUST BE MADE
PURSUANT TO, AND BE ACCOMPANIED BY, AN EXECUTED LETTER OF TRANSMITTAL.
 
                 INSTRUCTIONS FOR NOTICE OF GUARANTEED DELIVERY
 
    1. DELIVERY OF THIS NOTICE OF GUARANTEED DELIVERY. A properly completed and
duly executed copy of this Notice of Guaranteed Delivery and any other documents
required by this Notice of Guaranteed Delivery must be received by the Exchange
Agent at its address set forth herein prior to the Expiration Date. The method
of delivery of this Notice of Guaranteed Delivery and any other required
documents to the Exchange Agent is at the election and risk of the holder, and
the delivery will be deemed made only when actually received by the Exchange
Agent. If delivery is by mail, registered mail with return receipt requested,
properly insured, is recommended. Instead of delivery by mail, it is recommended
that the holder use an overnight or hand delivery service. In all cases
sufficient time should be allowed to assure timely delivery. For a description
of the guaranteed delivery procedure, see Instruction 2 of the Letter of
Transmittal.
 
    2. SIGNATURES ON THIS NOTICE OF GUARANTEED DELIVERY. If this Notice of
Guaranteed Delivery is signed by the registered holder(s) of the Old Preferred
Stock referred to herein, the signature must correspond with the name(s) written
on the face of the shares of Old Preferred Stock without alteration,
enlargement, or any change whatsoever.
 
    If this Notice of Guaranteed Delivery is signed by a person other than the
registered holder(s) of any shares of Old Preferred Stock listed, this Notice of
Guaranteed Delivery must be accompanied by appropriate bond powers, signed as
the name of the registered holder(s) appears on the shares of Old Preferred
Stock.
 
    If this Notice of Guaranteed Delivery is signed by a trustee, executor,
administrator, guardian, attorney-in-fact, officer of a corporation, or other
person acting in a fiduciary or representative capacity, such person should so
indicate when signing.
 
    3. REQUESTS FOR ASSISTANCE OR ADDITIONAL COPIES. Questions and requests for
assistance and requests for additional copies of the Prospectus may be directed
to the Exchange Agent at the address specified in the Prospectus. Holders may
also contact their broker, dealer, commercial bank, trust company, or other
nominee for assistance concerning the Preferred Stock Exchange Offer.