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Revolving Door Newsletter: 08.08.08

Martha Stewart Living Omnimedia Cuts 25 Jobs Despite Strong Q2

August 8, 2008
What does it say when even the publishing companies that are doing well are slashing staff? The publicly-traded Martha Stewart Living Omnimedia, which announced strong results and a return to profitability last week, has cut loose 25 employees across media, merchandising and corporate. The highest-profile victim is broadcasting president Sheraton Kalouria, following the decision to end internal broadcasting operations. Meanwhile, Donna Karan Home CEO Patsy Pollack joins MSLO in the new position of EVP, merchandising. Martha Stewart Living publisher Sally Preston has been bumped up to group publisher, adding responsibility for Everyday Food to her portfolio, while the pocket-...

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