Martha Stewart CEO Lyne will not leave company

President and CEO of Martha Stewart Living Omnimedia Inc., Susan Lyne, answers questions during the Reuters Media Summit in New York, November 30, 2006. Lyne said she is not leaving the women's lifestyle magazine publisher, according to a memo sent to employees on Monday.

NEW YORK (Reuters) - Martha Stewart Living Omnimedia Inc (MSO.N) Chief Executive Susan Lyne said she is not leaving the women's lifestyle magazine publisher, according to a memo sent to employees on Monday.

"I want to address an item that ran in the press while I was away, suggesting I might leave MSLO in the near future. Nothing could be further from my plans," she wrote. "I love this company; more importantly I believe in this company."

The New York Post reported on January 2 that Lyne may have been looking to leave the company after her three-year contract was extended by one year, but without a longer term contract in its place.