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By Matt Kibbe
The short-term deal will assure long-term overspending
Independent voices from the The Washington Times Communities
Topic - Martha Stewart Living
Martha Stewart Living is a magazine and a television show featuring entertaining and home decorating guru Martha Stewart. Both the magazine and the television program focus on the domestic arts. Martha Stewart Living began as a quarterly magazine in 1990, published by Time Inc..and is currently published monthly. Stewart took the magazine with her when she left Time Inc. in 1997, and Martha Stewart Living is now the flagship brand of the Martha Stewart Living Omnimedia media empire. - Source: Wikipedia
Macy's CEO Terry Lundgren testified on Monday that he hung up on home diva Martha Stewart after she called to inform him on Dec. 6, 2011, that the company that bears her name had inked a deal with J.C. Penney to open shops within most of the chain's stores.
Martha Stewart Living Omnimedia announced that its CEO is stepping down after less than a year on the job.
Martha Stewart will stay at the company she founded, Martha Stewart Living Omnimedia Inc., as chairman and will also be its chief creative officer through June 2017.
Macy's Inc. has sued Martha Stewart Living Omnimedia Inc. in a bid to block a licensing deal between the housewares company and J.C. Penney Co.