TITLE

MSO Bottom Line Suffers Tough Losses

PUB. DATE
February 2005
SOURCE
Home Textiles Today;2/28/2005, Vol. 26 Issue 25, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the financial performance of Martha Stewart Living Omnimedia Inc. for the fourth quarter. The company recorded a fourth-quarter loss of $7.3 million, reversing a year-before profit of $2.6 million, as magazine advertisement pages dwindled and television revenues plunged in the wake of the design impresario's financial troubles and subsequent jailing. The biggest hit came out of the publishing division, where revenues tumbled 21.1 percent, to $26.1 million from $33 million, hurt by fewer advertising pages and lower advertising rates.
ACCESSION #
16261030

 

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