NEW YORK, Jun 3, 2003 /PRNewswire-FirstCall via COMTEX/ -- Martha Stewart Living
Omnimedia, Inc. (NYSE: MSO) has been informed by Martha Stewart's attorneys
that the United States Attorney's Office for the Southern District of New York
has informed them that Ms. Stewart is a target of a criminal investigation and
that the United States Attorney's Office intends to request the grand jury to
return an indictment against her in the near future. Additionally, MSO has
been informed that a civil complaint by the Securities and Exchange Commission
is also expected.
MSO and its board of directors have been planning for a number of possible
contingencies, are evaluating the current situation and will take action as
Martha Stewart Living Omnimedia, Inc. (MSO) is a leading provider of
original how-to information that turns dreamers into doers, inspiring and
engaging consumers with unique content and high-quality products for the home.
MSO's creative experts develop content within eight core areas -- Home,
Cooking and Entertaining, Gardening, Crafts, Holiday, Keeping, Weddings, and
Baby and Kids -- that provide consumers with ideas and products to celebrate
their homes and the domestic arts. MSO is organized into four business
segments -- Publishing, Television, Merchandising and Internet/Direct
SOURCE Martha Stewart Living Omnimedia, Inc.
Investors - James Follo, Chief Financial Officer,
+1-212-827-8218, Media - Elizabeth Estroff, +1-212-827-8281, both of Martha
Stewart Living Omnimedia, Inc.