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For two and a half years, no one was quite sure what was
going on with Martha Stewart Living Omnimedia, when its namesake was
tangling with U.S. prosecutors and the federal court system.
We have a better idea today, on the week of Stewart's
release from federal prison in West Virginia.
There's an ongoing shakeup in the works under new MSLO
boss Susan Lyne, and one casualty, announced yesterday, is Suzanne Sobel,
publisher of Martha Stewart Living for the past seven years. The company
released a statement that Sobel had decided to go on to other things.
Sobel held the title of executive vice president of MSLO and also oversaw
Everyday Food, Martha Stewart Weddings and Martha Stewart Kids.
While surprising to some, coming days before her longtime
boss's release, Sobel's ouster should not come as a shocker to the media
world and others who observed the parent company over recent years.
The ouster is less a reflection of Sobel's abilities than an
indication that Stewart and her top executives feel the need to craft a
new image for the company, with as few as possible remnants of the dark
days. Certainly, getting Martha Stewart Living's ad page back up in a
hurry tops the list of must-dos for Lyne.
More than half of MSLO's 2004 revenues of $187 million came
from publishing. And that’s in what was an off year for Martha Stewart
Living. Last year the magazine was down 46.6 percent in ad pages,
to 658.8 from 1,233.7.
Sobel had been the magazine’s publisher since 1997 and
with the company since 1991. Lauren Stanich will take over for
Sobel until a replacement is named.
Sobel’s ouster comes just as Lyne reportedly implemented plans to give the other Martha
Stewart magazine publishers more control over their publications.
MSLO has not
commented on the reason for the change, but rumors have floated for two months
that the magazine was looking for a new publisher, and with Lyne taking
over and Stewart coming back, big shakeups seemed inevitable.
MSLO
has already endured one big management shakeup in the past six months. In
November Sharon Patrick resigned as president and CEO of the company,
clearing the way for former ABC Entertainment president Lyne.
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