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Martha Stewart Living Omnimedia: Companies
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Martha Stewart Living Omnimedia Inc. (MSLO, NYSE: MSO) is a diversified media and merchandising company founded by Martha Stewart, inspiring and engaging consumers with unique content and distinctive products. It is organized into four business segments: Publishing, Internet and Broadcasting media platforms and Merchandising product lines [2]. MSLO's business holdings include a variety of print publications, television and radio programming, and e-commerce websites.
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Martha Stewart Living Omnimedia is a media company, engaged in publishing, television, and merchandising activities. The company primarily operates in the US. It is headquartered in New York City, New York and employs about 750 people.
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LOS ANGELES and NEW YORK (March 9, 2006) – KB Home Chairman and CEO Bruce Karatz and Martha Stewart Living Omnimedia, Inc. Founder Martha Stewart today will unveil the two companies' co-branded community outside Raleigh, North Carolina. The community, known as KB Home Twin Lakes: Homes Created with Martha Stewart, will open to the public on Sunday, March 13th, 2006. First announced in October 2005, Twin Lakes is the first of several communities that the two companies will build and design across the U.S.
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NEW YORK, Oct. 15 /PRNewswire-FirstCall/ -- Martha Stewart Living Omnimedia, Inc. (NYSE: MSO) will announce its financial results for the third quarter on Friday, November 2, 2007 before the market opens. Following the release, the Company will host a conference call with analysts and investors at 10:00 a.m. EDT. The live webcast will be accessible to the public on the Company's web site, www.marthastewart.com/ir, and an archived version will be available through November 16, 2007.
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The following year 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 vary according to different accounts. Time's remaining stake in the company was generally estimated to be between five and ten 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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Martha Stewart Living is the foundation of MSO's publishing business. The magazine appeals primarily to the college-educated woman between the ages of 25 and 54 who owns her principal residence. MSO launched Everyday Food in September 2003, after publishing four test issues. Everyday Food, a digest-sized magazine featuring quick, easy recipes, was created for the supermarket shopper and the everyday cook. MSO launched Martha Stewart Weddings in 1994, originally as an annual publication. Subsequently, the Company published it semi-annually beginning in 1997, and quarterly beginning in 1999.
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