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 appropriate.

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 Commerce.

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.

http://www.marthastewart.com