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Martha Stewart's Company Vows to Remain Regardless of Verdict.
Knight Ridder/Tribune Business News, March, 2004
By James T. Madore, Newsday, Melville, N.Y. Knight Ridder/Tribune Business News
Mar. 5-- Martha Stewart's company yesterday vowed to sustain itself regardless of the outcome of her obstruction of justice trial, where jurors deliberated for a second day without reaching a verdict.
In a telephone call with stock analysts, Martha Stewart Living Omnimedia Inc. executives pointed to a better-than-expected profit for the October-December quarter as proof of Stewart's continuing hold on consumers. However, the company also reported further deterioration in its crucial magazine business and television programs, both of which have been battered by 22 months of negative publicity.
Still, executives said they were prepared for an array of potential...
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