Not A Good Thing: Martha Stewart Living Omnimedia's Losses Widen

AP:

Martha Stewart Living Omnimedia Inc. reported Wednesday its second-quarter losses were much broader than last year, weighed down by one-time charges and declining sales of its merchandise at Kmart, but predicted a return to profitability later this year.

The New York-based media and merchandising empire, which includes magazines, TV shows and products like paints, said it lost $6.74 million, or 13 cents per share, compared with $1.17 million, or 2 cents per share in the year-ago period.

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