Oxygen Media, a cable channel aimed at female audiences. The top company post has been vacant for the last three years! The last person to hold the position was Susan M. Lyne who left the company to take a position with a fast growing online retailing company, The Gilt Group. Explaining why the top position had gone unfilled, yesterday Charles Koppleman, (Chairman of the Board) said that the position had been left open for Martha Stewart "if and when she decides to return." Wow, that one caught me by surprise. This is a large publicly traded company and that is the best answer Mr. Koppleman could give? Martha has recently made it clear she has no intention of taking the top spot. When asked about it, she recounted her busy schedule, her many public appearances, and basically said, as the "face" of this company, she has plenty to keep her busy already. I noticed today, that Ms. Stewart keeps a blog. Thought that was super cool discovery. I've linked here to the official Martha Stewart blog if you are interested in checking it out, or even following it.
Possible Martha Stewart Living Deals
Martha Stewart Show, was removed from NBC from syndication, and ended up on the Cable's Hallmark channel. The company is trying some innovative approaches to generating more revenues however. Creating Digital Apps are a space that Martha Stewart Living has recently been exploring in. In fact, one of the iPhone apps they released called Egg Dyeing 101, became a top seller. As the company continues to find ways to grow and work on increasing revenues again, Martha has been looking for potential buyers. It will be interesting to see what happens with this company, although my sneaking suspicion is that it will undergo a vast transformation, be taken private, and may not trade publicly again for some time. That is my view, but time will tell exactly what happens with this company. I know it must be frustrating for Martha to come back, and have watched revenues and profits slide, while she sat on the sidelines, banned from taking a direct role in the company, until it expires in August 2008. From what I have seen in the news, Martha is proactively looking to steer the ship, but appears to navigating it to the world of acquisitions. The company's market capitalization today, is $250 Million.