Sponsored Content WEBINAR: ELECTION 2008: E-mail Tips from a Political Insider   WEBINAR: Becoming the Illusionist: The Magic of Using "Brand" to Drive Response without Results Disappearing in the Process   WEBINAR: Score and Win Through Cooperation   TOOLS OF THE TRADE: Holiday's are prime-time for email marketing - maximize your ROI by getting to the inbox   ON DEMAND WEBINAR--MASTER CLASS: High Performance Online and Off-line Strategies for Large Scale Customer Acquisition   FREE WHITE PAPER - Direct Mail and the Internet Find any supplier you need - agencies, CRM, fulfillment, lists, e-commerce, paper, printers, telemarketing, and more. Featured Categories Lists and Data Telemarketing Database Marketing E-commerce Web Marketing Agency & Creative Services Print, Production & Paper Lists and Data Processing :: view all categories Get free access to more than 50,000 list data cards - one of the most comprehensive databases in the industry. >> Search Now DIRECT Buzz Blog Webinars Buyer's Guide Calculators JobZone ListFinder Promo Calendar Research Store E-Newsletters Print Magazine This Month in Direct Magazine Deal With It Direct had a full house for this year's list roundtable. Considering all the additional responsibilities on brokers' plates, that's impressive... See Full July Issue

Martha Stewart Living Omnimedia Inc. reported a plunge in net income of 86% for the 2003 second quarter. Net income was $931,000 for the period ended June 30, compared with $6.7 million for the same quarter last year.

Operating income was $1.5 million, compared with $13 million for the second quarter in 2002.

Revenue fell to $65.8 million from $78.6 million.

The Internet/direct commerce division experienced the smallest loss among all the Martha Stewart divisions—falling 3% to $7.8 million from $8 million last year.

"We believe that the Martha Stewart Living core brand will continue to be under pressure until resolution of Martha Stewart’s personal legal situation," said Sharon L. Patrick, CEO, in a statement.

Patrick said the strategy going forward is to sustain the core Martha Stewart properties, while investing in new properties like Everyday Food and controlling costs whenever possible. Wider-than-expected losses are to be expected, she said.

Stewart stepped down as CEO and chairman of the company in June, buffeted by an insider trading scandal. She is to go on trial in January on charges of obstructing justice.