If you loved Martha Stewart's collection of cheap (and injurious!) junk for Kmart, you're going to be thrilled to hear about her latest venture. She's now offering Martha-approved destination weddings in partnership with the world's tackiest chain of resorts. (You know, the one that makes you hit the mute button on…
• The cuts continue at Time Inc. Fortune Small Business was shuttered today. And as many as 500 employees may lose their jobs when all is said and done. Meanwhile, parent company Time Warner reported a drop in revenues and earnings in the third quarter, as expected. [NYT, WWD, AdAge, NYP]
• Profits were up at News…
• Reed Elsevier is planning to sell a bunch of publications, including Broadcasting & Cable, Publishers Weekly and Multichannel News. [THR]
• Rodale's president and CEO, Steve Murphy, has resigned. [Gawker]
• Disney reports third-quarter profit fell 26 percent from the same quarter a year ago. Sony posted a loss for…
• David Letterman's ratings have gone up thanks to his very public spat with Sarah Palin. So don't be the least bit surprised if it continues. [NYT]
• Ann Moore signed a new contract with Time Inc. that will keep her around through 2012; John Squires, meanwhile, has a new gig at the company. [NYP]
• Newsweek is…
• The New York Times Co. has reached a "tentative agreement" with its union to impose a 5 percent pay cut on employees through the end of the year. [NYP]
• Disney's ABC is joining Fox and NBC and taking a stake in Hulu. [AdAge]
• As expected, Time Warner said it may spin off AOL. But it may end up selling it, too.…
• The New York Times Company reported a first-quarter loss of $74.5 million today, as advertising revenue plunged by more than 28 percent. [NYT]
• Martha Stewart Living Omnimedia's Wenda Harris Millard is stepping down as the company's co-CEO and president. [Crain's]
• One magazine that hasn't been crippled by the…
Martha Stewart Living Omnimedia has posted a loss the last four out of five years and the stock is now hovering at $3 a share. But you didn't expect any of that to impact Martha's own compensation package, did you? The founder of the now-struggling media company just sealed a new three-year contract that will earn her…
• Is Heidi Klum pregnant with her fourth kid? That appears to be the case, since sketches of a gown she's planning to wear in a future Project Runway episode have made "room for a bump." [MSNBC]
• Are you a disgraced sports star or politician? Congrats: You're getting a reality TV show! Rod Blagojevich has signed on…
Three New York City Googlers went on Martha Stewart to show off a scallops recipe today. How fun! But Martha was far more interested in their employer's lavish perks.
Don't even think about turning up at Martha Stewart's house without an invitation, or cutting the power lines to her house in an attempt to force her out into the open. In a filing with the Securities and Exchange Commission, Martha Stewart Omnimedia disclosed that it considers a home security system for Martha's…
• Former Illinois Governor Rod Blagojevich has landed a six-figure advance to write a book about "his rise and fall, and the dark side of politics." [LAT]
• CBS chief Les Moonves says he no longer has any plans to merge the company's news operations with Time Warner's CNN. [B&C]
• Martha Stewart Living is "broadening…
It looks like Martha Stewart won't be using a Turbochef oven when she settles into her Greenwich kitchen this evening to bake her usual batch of 17 apple pies. On Tuesday, Martha Stewart Living Omnimedia slapped Turbochef with a lawsuit for allegedly reneging on a deal to hand over $3 million in Turbochef stock and…
• The broadcast of Super Bowl XLIII generated solid results for NBC, even though ratings were down 6% from last year. [THR]
• Super Bowl commercial hits and misses. [AdAge, NYT, AdWeek, AdAge]
• NBC reports its Super Bowl spots generated $206 million. [B&C]
• A last-minute deal will allow David Pecker to keep AMI out…
• Martha Stewart has sold a third of her shares in her eponymous media company. But she's still as anal as ever around the office. [NYP, Gawker]
• Bill Kristol's New York Times column has come to an end. [NYT]
• Fashion and beauty magazines will see a 22 percent decline in advertising pages during the first three…
♦ Details on the layoffs and management changes at Time Inc. [NYP]
♦ More on the demise of Maer Roshan's Radar and its God-awful TMZ-like reincarnation. [NYO, HuffPo]
♦ Fox News has apologized for putting a racist and anti-Semite on the air. [MM]
♦ Noted media expert (and former basketball player) Charles…
She's only been at Martha Stewart Living Omnimedia for four months, but it looks like co-CEO Wenda Harris Millard might already be clashing with the domestic doyenne herself. Although Millard calls the friction a "healthy debate," insiders are suggesting it's only a matter of time before she leaves MSLO's…
NEW YORK — Yahoo's last great sales chief and current Martha Stewart Living Omnimedia co-CEO Wenda Harris Millard joined a panel today as part of this week's Advertising Week festivities here in New York. As the talk began, all was light and mirthful. Then MIllard responded to the moderator's question on whether the…
It's actually quite incredible that Martha Stewart's daughter Alexis isn't more famous than she is, given that she possesses the two qualities most likely to lead to major media success: a famous parent and no apparent limits to her oversharing. On her Sirius radio show, she has, according to a New York magazine…
Remember Susan Lyne, the former CEO of Martha Stewart Omnimedia who also happened to look a lot like the domestic diva? Lyne has a new job: she's been named the CEO of Gilt.com according to a Silicon Alley Insider "source," which is probably a pretty reliable one, considering the two companies share the same…
Martha Stewart got together with Jim Cramer yesterday to chat about her time "abroad" (as Cramer called it) or "Yale" (as she prefers to refer to it ), and just what the media mogul learned from her stint behind bars: "I can really do without. But I don't think the homemaker should do without." Nice one, Martha! She…
