Martha Stewart Shrinks Loss, Approves Dividend

28 July 2006

NEW YORK: Martha Stewart Living Omnimedia - the media maven's exploitation vehicle - this week reported a net loss of $1.2 million (€950.0k; £649.6k), substantialy down from the net loss of $33.5m in the year-earlier period. Revenue jumped 47% to $67.4m.

The company also declared a 50-cents-a-share cash dividend, ithe first in its checkered history.

Crowed ceo Susan Lyne: "We have successfully navigated a difficult period and are enjoying significant gains in advertising revenue and new business opportunities.

"With the health and vigor of the company renewed, we are in a position to return value to our shareholders with this special dividend, while continuing to invest in our business."