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Martha Stewart Living: Martha Stewart Living Omnimedia
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Martha Stewart Living is the flagship magazine of Martha Stewart Living Omnimedia. As the original lifestyle publication, it provides readers with the information, ideas, inspiration and confidence they need to enhance their quality of living. Recognized for its creative content, iconic photographs, and singular design, Martha Stewart Living has received numerous awards and honors, including three prestigious National Magazine Awards. Adweek featured the magazine on its 2007 "Hot List" of Top 10 Magazines. For more information, visit http://www.marthastewart.com.
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Martha Stewart Living Omnimedia (MSO) is an integrated content and commerce company that creates how-to content and domestic merchandise for homemakers and other consumers. The company's business segments are publishing, television, merchandising and Internet/direct commerce.
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Martha Stewart Living Omnimedia Inc. (MSO) opened at 12.27. So far today, the stock has hit a low of 12.06 and a high of 12.52. MSO is now trading at 12.29, up 0.73 (5.95%). The stock hit its 52 week high of 23.21 in December and set its 52 week low of 10.80 in August. MSO has traded in a tight range around 18.00 for more than five months, but has been weaker recently. Shares of Martha Stewart Living Omnimedia have been soaring today after a Bear Stearns analyst upped the stock to "Outperform" from "Peer Perform," on new-term initiatives.
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On October 19, 1999, Martha Stewart Living Omnimedia went public on the New York Stock Exchange under the ticker symbol MSO. The initial public offering was set at $18 per share, and rallied to $38 by the end of trading, making Stewart a billionaire on paper. The stock price slowly went down to $16 per share by February 2002. Stewart was then and continues to be the majority shareholder, with a commanding 96% control of voting power in the company.
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NEW YORK (AP) - Martha Stewart Living Omnimedia Inc. is bringing in a new celebrity: popular TV chef Emeril Lagasse. The New York-based media and merchandising company founded by domesticity maven Martha Stewart announced Tuesday that it bought the rights to Lagasse's franchise of cookbooks, television shows and kitchen products from him for $45 million in cash and $5 million in stock. AP
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In 1997 Stewart acquired majority interest in the company and renamed it Martha Stewart Living Omnimedia, L.L.C. With the continued help of Sharon Patrick, Stewart had arranged the purchase of at least 80 percent of the company for about $75 million, although figures varied according to different accounts. Time's remaining stake in the company was generally estimated to be between 5 and 10 percent, with the balance of the stock held by Patrick and staff members. The separation from Time was reportedly a friendly one. Don Logan, chair and CEO of Time Inc., agreed to join the new board for Martha Stewart Living Omnimedia. Stewart initially appointed Patrick president and chief executive officer, but soon took the helm as CEO, while Patrick remained president and COO.
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