Wenda Harris Millard, co-CEO of Martha Stewart Living Omnimedia (NYSE: MSO), told investors on Wednesday that the company was in the midst of “streamlining” its broadcast operations and reorganizing its publishing side. As a result, a dozen or more staffers have left the company within the past few days, WWD reported. It wasn’t clear whether the exits were voluntary or from layoffs, but the departures appear to have cut across a variety of MSLO divisions. The news comes shortly after the Susan Lyne stepped down as CEO last month and was replaced by the duo of Millard and co-CEO Robin Marino.
MSLO representatives wouldn’t say how many employees have left the company as a result of the changes and whether the digital side was affected. Speaking at an investor conference held by RBC Capital Markets on Wednesday, Millard spoke about cutting costs within its broadcast operations. (Webcast here.) Millard also alluded to the reorg of the publishing division. Earlier today, MSLO announced three executive promotions, which included ad sales exec Sally Preston being upped to Group Publisher.
Among those who are out: Sheraton Kalouria, president of broadcasting who worked with Lyne during her days at ABC. WWD adds that Brent Ridge, a veteran of MSLO media properties, has had his responsibilities as VP for healthy living scaled back.