RD Recap: Martha Stewart Sells Company for $350 Million; Changes at WSJ

Martha Stewart sells her eponymous company for around $350 million to Sequential Brands Group. She’ll get $167 million, not a bad payday, although Omnimedia used to be worth around $2 billion. “Martha Stewart’s impact around the world is staggering, and the empire she founded is unmatched in its industry. In fact, research shows that the Martha Stewart brand has 96 percent awareness among women in the U.S., and seven out of 10 women say that Martha has and does influence the way they think about, organize and manage their homes,” Sequential CEO Yehuda Shmidman said about the company he purchased.