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News Breaks | | | | December 19, 2012 | | 08:33 EDT |  | MSO | Martha Stewart announced CEO Lisa Gersh to step down
A search is underway to name a successor. Under Gersh's leadership, the company has successfully restructured and repositioned its publishing and broadcast divisions to improve profitability and expand delivery of its lifestyle offerings through digital, mobile and video platforms. The company expects the restructuring to result in annualized cost savings in the range of $45M-$47M, which is expected to result in an EBITDA improvement of approximately $5M-$7M annually. | |
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