Martha Stewart Living | featured news

Martha Stewart Living Omnimedia said it will close its Whole Living magazine and move its Everyday Food publication to an all-digital format to cut costs and emphasis digital and mobile platforms.

The company reports a swing to an operating profit in its broadcasting unit despite lower revenue, but warns that its return to overall profitability may be delayed.

Macy's sued Martha Stewart Living to block a new licensing agreement with rival J.C. Penney, saying the agreement violated its own exclusive arrangement with the brand.