Key Developments: Martha Stewart Living Omnimedia Inc (MSO)
2.45USD
19 Jun 2013
$0.00 (+0.00%)
$2.45
$2.46
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1,817
175,429
$3.81
$2.28
Latest Key Developments (Source: Significant Developments)
Martha Stewart Living Omnimedia Inc Announces Resignation Of Lisa Gersh-Form 8-K
Martha Stewart Living Omnimedia Inc reported in its Form 8-K that as previously disclosed in the Form 8-K filed December 19, 2012, Lisa Gersh will be stepping down as President and Chief Executive Officer (CEO) of Martha Stewart Living Omnimedia, Inc. (Company). Ms. Gersh’s last day of employment with the Company will be February 7, 2013. Mr. Daniel Taitz, the Company’s Chief Administrative Officer and General Counsel, will act as interim principal executive officer until a new chief executive officer has been named. Full Article
Martha Stewart Living Omnimedia Inc's CEO Lisa Gersh To Step Down After Transition Period
Martha Stewart Living Omnimedia Inc announced that President and Chief Executive Officer Lisa Gersh plans to step down from that role and that a search is underway to name a successor. Ms. Gersh will remain as President and CEO and a member of the Board of Directors during a transition period. Full Article
Martha Stewart Living Omnimedia Inc Downsizes Magazines, To Cut Jobs-AP
Associated Press reported that Martha Stewart Living Omnimedia Inc. is downsizing its magazines and will cut publishing jobs as it increasingly focuses on online video and other digital content. The lifestyle, media and merchandising company said that the move could save it $33 to $35 million per year. It did not say how many employees are being eliminated, and a message was not immediately returned. The Company will also seek to sell its Whole Living health and lifestyle magazine. If the magazine cannot be sold, its content may also be incorporated into other company products. Full Article
Martha Stewart Living Omnimedia Names Lisa Gersh As CEO-DJ
Dow Jones reported that Martha Stewart Living Omnimedia has named Lisa Gersh as its new Chief Executive Officer (CEO). Ms. Gersh recently served as Martha Stewart's Chief Operating Officer and as Board member since 2011. Full Article
Martha Stewart Living Omnimedia Elects Martha Stewart Non-Executive Chairman
Martha Stewart Living Omnimedia announced that Martha Stewart, Founder of MSLO, has been elected Non-Executive Chairman of the Board. Ms. Stewart rejoined the Board in September and succeeds Charles Koppelman as Non-Executive Chairman. Full Article
Martha Stewart Living Omnimedia Announces Board Change-Form 8-K
Martha Stewart Living Omnimedia reported in its Form 8-K that Charles A. Koppelman, the Non-Executive Chairman of the Board, also will not stand for re-election as a director. The Board expects to name a new Chairperson at the completion of Mr. Koppelman’s term. Full Article
J.C. Penney Company, Inc. and Martha Stewart Living Omnimedia, Inc. Announce Strategic Alliance; Announces Special Dividend
J.C. Penney Company, Inc. and Martha Stewart Living Omnimedia, Inc. announced that they have entered into a strategic alliance and will join forces to create a unique and comprehensive retail experience featuring Martha Stewart products, know-how and advice. Under the terms of this 10-year commercial agreement, the two companies will also jointly develop an e-commerce site, expected to launch in 2013. The site will offer Martha Stewart expertise and enable consumers to purchase a wide range of home and lifestyle products, including those sold in the Martha Stewart stores inside jcpenney, and other merchandise designed or selected by Martha Stewart. MSLO is expected to receive in excess of $200 million from J. C. Penney over the initial 10-year contract period. In addition, J. C. Penney will have representation on MSLO's Board of Directors. Martha Stewart Living Omnimedia, Inc. also announced that it will pay a special dividend of $0.25 per share on December 30, 2011 to shareholders of record as of December 19, 2011. Full Article
J.C. Penney To Buy Stake In Martha Stewart Living Omnimedia-Reuters
Reuters reported that according to the New York Times, J.C. Penney is to buy a 16.6% stake in Martha Stewart Living Omnimedia for $38.5 million. J.C. Penney will pay $3.50 a share for the stake. Full Article
Martha Stewart Living Omnimedia Announces Partnership With Avery Dennison Corp.
Martha Stewart Living Omnimedia and Avery Dennison Corp. announced they have teamed together to create the Martha Stewart Home Office with Avery product line. Full Article
Martha Stewart Living Omnimedia Appoints Ken West Chief Financial Officer
Martha Stewart Living Omnimedia announced the appointment of Ken West as Chief Financial Officer. He assumes the role from Interim Chief Financial Officer Allison Jacques, who remains with the Company as SVP Controller. Full Article
UPDATE 2-Appeals court won't stop Penney sale of Martha Stewart line
NEW YORK, April 30 - An appeals court ruled on Tuesday that J.C. Penney Co Inc can keep selling a line of home goods designed by Martha Stewart, pending a verdict in Macy's Inc lawsuit to stop Penney from selling the products.
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