TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Martha Stewart Takes Pay Cut, Still Doing Fairly Well

Martha Stewart Living Omnimedia lost $56 million in 2012 and posted a net loss of $3.3 million in the first quarter of this year. In an effort to help turn things around, Martha Stewart has graciously agreed to take a pay cut.

Ad Age reports that Stewart had her salary reduced by 10 percent, down to $1.8 million. She also had her license fee snipped, taking it down to $1.7 million.

All in all, Stewart will now be making do with a paltry $3.5 million per year. Someone send that lady some canned goods.

Mediabistro Course

Personal Essay Writing

Personal Essay WritingStarting October 28, work with a published journalist to draft, edit, and sell your first-person essays! Jessica Olien will help you to workshop your writing so that it's ready to pitch to editors. You'll learn how to tell your personal story, self-edit you work to assess voice, style, and tone, and sell your essays for publication. Register now!