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Media M&A

A short piece in today's Wall Street Journal focuses on the fate of Martha Stewart Living Omnimedia, the company that publishes Martha Stewart Living and oversees all branded products. Amid growing whispers that the company may indeed be sold, Stewart, the biggest shareholder, said, "As the founder and largest stockholder, I fully support this initiative to take our business and iconic brand to the next level.” Meanwhile, ex-NBC exec Lisa Gersh is MSLO's new president and COO, and Martha will return to the board now that she's allowed to. [WSJ; previously]