Martha Stewart Living posts first annual loss amid legal woes
Martha Stewart Living Omnimedia reports a fourth quarter profit and an annual loss tied to founder Martha Stewart's legal case. Management warns advertising revenue may drop in Q1 with an estimated 20 cents per share loss, while Q4 net income reaches $4.6 million on $70.9 million revenue.
MENTIONED IN THIS ARTICLE
New York
Martha Stewart Living
Omnimedia Inc
Stewart
Thomson First Call
Multimedia Company
Thomson First
Stewart stock drops on verdict
Martha Stewart Living Omnimedia shares fell sharply after the verdict announcement though a brief prior rally occurred. The company posted a full year net loss of 2.8 million dollars or 6 cents per share, versus 7.3 million or 15 cents in 2002, with revenue down 17 percent to 245.8 million dollars from 295 million.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Martha Stewart
Omnimedia
Martha Stewart Living
Omnimedia Inc
Stewart Conviction Threatens Media Empire and Brand
Industry experts say a verdict could harm Martha Stewart Living Omni Media by scaring advertisers and readers away from the brand. The company moved to assess actions while asserting its assets can sustain development. Stewart faces removal from the board as shares fell sharply after the verdict.
MENTIONED IN THIS ARTICLE
New York
Martha Stewart
Martha Stewart Living Omnimedia Inc
MSO
Stewart
Key Figures in Martha Stewart ImClone Trial
Martha Stewart 62, convicted of obstruction and lying about ImClone stock sale on December 27 2001. Her broker at Merrill Lynch and ImClone founder Samuel Waksal face convictions or pleas. Waksal pleaded guilty to six counts and admitted tipping his daughter to sell stock. Bacanovic's assistant Douglas Bacanovic pleaded guilty to a misdemeanor. all eyes on sentencing and the broader scandal.
MENTIONED IN THIS ARTICLE
Martha Stewart
ImClone Systems Inc
Stewart
Merrill
Douglas Faneuil
Bacanovic
Merrill Lynch
Waksal
ImClone Systems
ImClone
Sam Waksal
Merrill Lynch & Co
SEC
Timeline of Martha Stewart insider trading saga unfolds
A compact timeline traces key events from ImClone’s 2001 Erbitux review requests through Sam Waksal tipping, Martha Stewart stock sales, FBI and SEC investigations, indictments in 2003, and verdicts in March 2005. It notes Waksal’s arrest, Stewart’s stop‑loss claim, Bacanovic’s testimony, trials, and convictions.
Stewart Bacanovic Trial Charges Include False Statements
The report outlines charges against Stewart and Bacanovic alleging false statements to the SEC FBI and prosecutors about selling ImClone below $60 and a Dec 27 2001 disclosure, plus claims of altering a worksheet.
MENTIONED IN THIS ARTICLE
Stewart
Securities and Exchange Commission
FBI
Bacanovic
SEC
ImClone Systems
Sam Waksal
ImClone
Jury finds Stewart guilty on four counts in stock case
Jury convicts Martha Stewart on four counts including conspiracy and obstruction of justice in the ImClone stock trading scandal. Bacanovic is also found guilty on related charges of perjury and obstruction. Maximum penalties reach five years in prison and $250,000 fines per count, with likely lighter federal sentences under guidelines.
MENTIONED IN THIS ARTICLE
Stewart
Case
Martha Stewart
Peter Bacanovic
Bacanovic
Also Mentioned on This Page
Sharon Patrick
Patrick
Stewart Stock
Wam
Moneyline
W.A.C
MIL
OW & Spas
East
Odessa
Legacy
Harley-David
FDA
ABC
Faneuil
Ann Armstrong
Armstrong
Mariana Pasternak
Heidi DeLuca
DeLuca
U.S
Miriam Goldman Cedarbaum
Obstruction of Justice
Wey West
Ellenst
SOL
Altin
Aioe
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!