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Article: Martha Stewart Living Omnimedia Acquires Martha Stewart Living From Time Inc.
- Article from:
- PR Newswire
- Article date:
- February 4, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, Feb. 4 /PRNewswire/ -- Martha Stewart Living Omnimedia LLC acquired Martha Stewart Living Enterprises today from Time Inc. Time Inc., as a result of the transaction, still retains a minority interest in MSLO, LLC. Martha Stewart is chairman of Martha Stewart Living Omnimedia LLC, which now includes a monthly magazine, Martha Stewart Living; a syndicated television show, Martha Stewart Living Television; books written by Martha Stewart and the editors of Martha Stewart Living; a syndicated newspaper column, "askMartha"; and a mail-order catalog company, "Martha by Mail."
The financial terms of the transaction were not disclosed.
Martha ...