Martha Stewart Living Omnimedia, Inc. Elects Martha Stewart Non-Executive Chairman Of MSLO's Board Of Directors
NEW YORK, May 23, 2012 /PRNewswire/ -- Martha Stewart Living Omnimedia, Inc. (NYSE: MSO) today announced that Martha Stewart, Founder of MSLO, has been elected Non-Executive Chairman of the Board. Ms. Stewart rejoined the Board in September and now succeeds Charles Koppelman as Non-Executive Chairman.
Martha Stewart said: "I am thrilled to be elected Non-Executive Chairman of our Board, a group that shares my deep commitment to the Company and its success. I look forward to working closely with our directors and our management team as we focus on the future, capitalizing on the strength of our brand and our amazing customer connection to continue building our business so that it realizes its full and considerable potential."
Arlen Kantarian, lead director, stated: "Nobody cares more deeply or is more committed to the Company and its future than Martha Stewart. We're delighted to have her back on the Board and now as Non-Executive Chairman."
About Martha Stewart Living Omnimedia, Inc.
Martha Stewart Living Omnimedia, Inc. (NYSE: MSO) is a diversified media and merchandising company, inspiring and engaging consumers with unique lifestyle content and distinctive products. It reaches approximately 66 million consumers across all media platforms each month and has a growing retail presence with 8,500 products in over 38,000 retail locations. MSLO is comprised of three business segments: Publishing, Broadcasting and Merchandising. The Publishing segment encompasses four magazine brands—Martha Stewart Living, Martha Stewart Weddings, Everyday Food and Whole Living—special issues, books, digital properties and apps. The Broadcasting segment is comprised of original television programming, including the Emmy-winning, daily television series, "The Martha Stewart Show," on Hallmark Channel, video, and Martha Stewart Living Radio on SIRIUS XM Channel 110. In addition, MSLO designs high-quality Martha Stewart products in a range of lifestyle categories available through select retailers, including The Home Depot, Macy's, Staples (together with Avery), PetSmart, Michaels, and Jo-Ann Fabric & Craft Stores. In December 2011, the Company entered into a strategic alliance with J.C. Penney Company, Inc., which includes a merchandising agreement to build distinct Martha Stewart stores in jcpenney department stores, and to jointly develop an e-commerce site, both of which are expected to launch in 2013. The MSLO family of brands also includes Chef Emeril Lagasse and his media and merchandising properties. For additional information about MSLO, visit www.marthastewart.com.
SOURCE Martha Stewart Living Omnimedia, Inc.
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