26 May '11, 11am

Martha Stewart to rearrange media empire

Martha Stewart to rearrange media empire

Homemaking celebrity Martha Stewart (above) has hired an investment bank to explore the possibility of selling her media empire or bringing in a new partner, the New York Times reported. -- PHOTO: REUTERS NEW YORK - HOMEMAKING celebrity Martha Stewart has hired an investment bank to explore the possibility of selling her media empire or bringing in a new partner, the New York Times reported. The Times said on Wednesday that the investment banking arm of the Blackstone group was signed up to 'review and respond' to investors who have expressed interest in the business but that no offers had been tabled. The company produces popular television programs, magazines and books on housekeeping, cooking and gardening. Stewart, 69, will soon return to the board of the company - Martha Stewart Living Omnimedia - after a five-month ban, part of a 2006 settlement over civil charges of...

Full article: http://www.straitstimes.com/BreakingNews/Lifestyle/Story/...

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