NEW YORK, Feb. 17 /PRNewswire-FirstCall/ -- Martha Stewart Living
Omnimedia, Inc. (NYSE: MSO) today announced that its Board of Directors has
voted to appoint Jill A. Greenthal as a member of the Board of Directors
effective February 16, 2006.
Ms. Greenthal is currently a Senior Managing Director in the Corporate
Advisory Services group at The Blackstone Group. She has advised and financed
media companies for more than 20 years, working in all sectors of the
business. Before joining Blackstone in 2003, Ms. Greenthal was Co-Head of the
Global Media Group, Co-Head of the Boston office and a member of the Executive
Board of Investment Banking at Credit Suisse First Boston. She was also Co-
Head of the Boston office at Donaldson, Lufkin and Jenrette before it was
acquired by CSFB. Prior to joining DLJ, Ms. Greenthal was Head of the Media
Group at Lehman Brothers.
"We are extremely pleased to have attracted such an accomplished executive
who brings significant expertise and industry knowledge to our Company," said
Charles Koppelman, Chairman of MSLO. "We look forward to working with Jill to
build long-term shareholder value," Mr. Koppelman added.
"I am honored to join the distinguished board of Martha Stewart Living
Omnimedia," said Ms. Greenthal. "This past year, MSLO has done a remarkable
job expanding into various platforms. I look forward to helping them realize
the many opportunities that lie ahead."
Susan Lyne, President and Chief Executive Officer, stated: "Jill has a
keen understanding of the media business and a great appreciation for our
brand. Her skills and talents are the perfect complement to our existing
board and management team as we continue to grow our business."
Ms. Greenthal graduated as a member of The Academy from Simmons College
and received an MBA from Harvard Business School. She also serves on the
Investment Committee of Noble and Greenough School.
With the addition of Ms. Greenthal, MSLO's board is comprised of eight
members. Other members on the board include Charles A. Koppelman, Chairman of
MSLO and Chairman and CEO of CAK Entertainment Co.; Rick Boyko, Managing
Director of the VCU Adcenter; Susan Lyne, President and CEO of MSLO; Thomas C.
Siekman, formerly Of Counsel to Skadden, Arps, Slate, Meagher & Flom LLP and
former Senior Vice President and General Counsel of Compaq Computer
Corporation; Bradley E. Singer, Chief Financial Officer and Treasurer of
American Tower Corporation; Wenda Harris Millard, Chief Sales Officer of
Yahoo! Inc.; and Michael Goldstein, former Toys "R" Us Chairman and CEO and
Chairman of the Toys "R" Us Children's Fund, Inc.
Martha Stewart Living Omnimedia, Inc. (MSLO) is a leading provider of
original "how-to" information, inspiring and engaging consumers with unique
lifestyle content and high-quality products. MSLO is organized into four
business segments: Publishing, Television, Merchandising, and Internet/Direct
Commerce. Martha Stewart Living Omnimedia, Inc. is listed on the New York
Stock Exchange under the ticker symbol MSO.
We have included in this press release certain "forward-looking
statements," as that term is defined in the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are not historical facts
but instead represent only our current beliefs regarding future events, many
of which, by their nature, are inherently uncertain and outside of our
control. These statements can be identified by terminology such as "may,"
"will," "should," "could," "expects," "intends," "plans," "anticipates,"
"believes," "estimates," "potential" or "continue" or the negative of any of
these terms or other comparable terminology. The Company's actual results may
differ materially from those projected in such statements for many reasons,
including those discussed in the Company's periodic and other filings with the
Securities and Exchange Commission which are available at http://www.sec.gov.
The Company is under no duty to update any forward-looking statement after the
date of this release.
SOURCE Martha Stewart Living Omnimedia, Inc.
CONTACT: Media: Elizabeth Estroff, VP, Corporate Communications,
+1-212-389-4444, or Investors: Howard Hochhauser, VP, Finance and Investor
Relations, +1-212-827-8530, both of Martha Stewart Living Omnimedia, Inc./
/Web site: http://www.marthastewart.com /