Capping a year of turmoil that included layoffs, titles closing and the failure of its Hallmark Channel show, Martha Stewart Living Omnimedia’s president and CEO Lisa Gersh is out.
MSLO cast the change in the context of the company's plans to shift more aggressively into merchandising. Gersh, who was named COO in May 2011 and elevated to the CEO title in June, came from a television background, having been a co-founder of Oxygen Media and serving in various roles at NBC after its acquisition of Oxygen.
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