03/28/2008 02:45 am ET Updated May 25, 2011

Martha Stewart CEO Lyne: I'm Not Leaving

Martha Stewart Living Omnimedia Inc (MSO.N: Quote, Profile, Research) Chief Executive Susan Lyne said she is not leaving the women's lifestyle magazine publisher, according to a memo sent to employees on Monday.

"I want to address an item that ran in the press while I was away, suggesting I might leave MSLO in the near future. Nothing could be further from my plans," she wrote. "I love this company; more importantly I believe in this company."

The New York Post reported on January 2 that Lyne may have been looking to leave the company after her three-year contract was extended by one year, but without a longer term contract in its place.

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