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Stock Market & Financial Investment News

News Breaks
December 19, 2012
08:33 EDTMSOMartha 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.
News For MSO From The Last 14 Days
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October 16, 2014
16:30 EDTMSOOn The Fly: Closing Wrap
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October 15, 2014
18:26 EDTMSOOn The Fly: After Hours Movers
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16:38 EDTMSOMartha Stewart up nearly 15% following licensing deal with Meredith Corp.
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16:07 EDTMSOMeredith secures rights to license Martha Stewart Living Magazine, website
Meredith Corporation (MDP) announced that it has entered into an agreement with Martha Stewart Living Omnimedia (MSO) to acquire the rights to Martha Stewart Living and www.marthastewart.com pursuant to a 10-year licensing agreement. Under the terms of the agreement, Meredith will lead sales and marketing, circulation, production, and other non-editorial functions of Martha Stewart Living and Martha Stewart Weddings magazines. Martha Stewart Living Omnimedia's editorial team will continue to create its highly regarded content. Additionally, Meredith will assume responsibility for the sales and marketing of www.marthastewart.com and www.marthastewartweddings.com and its related assets, including its vast video library. The agreement, which applies to the United States and Canada, is effective November 1. The agreement will not have a material effect on Meredith's FY15 Q2 financial performance, but will be accretive to Meredith's earnings for the second half of fiscal 2015 and in FY16.

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