Martha Stewart Living Reports Narrowed Operating Loss
Martha Stewart Living Omnimedia (MSO) today announced a second-quarter operating loss of $803,000, an improvement over the $6.1 million loss it sustained in the second quarter of 2009. Second-quarter 2009 results included an impairment charge of $5.5 million related to the company’s merchandising business.
Overall revenue fell to $55.3 million from $57 million a year ago. The publishing segment posted revenue of $30.6 million, down from $33.5 million a year ago. The company attributed the decline to “the timing of the Spring issue of Martha Stewart Weddings, which was recognized in the second quarter of 2009 compared to the first quarter of 2010.”
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