Martha Stewart Living Posts Wider Loss
From Reuters
Martha Stewart Living Omnimedia Inc. reported a much wider third-quarter loss, as the criminal conviction of its founder kept it struggling to attract advertisers and customers.
The company posted a net loss of $15 million, or 30 cents a share, compared with $3.9 million, or 8 cents, a year earlier. Revenue fell to $38.7 million from $51.2 million.
