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Martha Stewart Living Omnimedia, Inc. Appoints Kelli Turner Chief Financial Officer

Posted on: Thursday, 26 March 2009, 07:33 CDT

Accomplished Time Warner Executive to Join Media and Merchandising Company's Executive Team

NEW YORK, March 26 /PRNewswire-FirstCall/ -- Martha Stewart Living Omnimedia, Inc. (NYSE: MSO) today announced the appointment of Kelli Turner as Chief Financial Officer and Executive Vice President. Ms. Turner will report to MSLO Executive Chairman Charles Koppelman, working closely with MSLO's Co-CEOs Wenda Harris Millard, President of Media, and Robin Marino, President of Merchandising.

As CFO, Ms. Turner will be responsible for all aspects of the Company's financial operations, while working closely with the executive team in shaping MSLO's business strategy and capital allocation process. She will have oversight responsibility for financial planning, treasury, financial compliance and reporting, and investor relations, as well as key administrative functions. Ms. Turner fills the position previously held by Howard Hochhauser, who departed the Company in December 2008.

In announcing the appointment, Mr. Koppelman stated, "Kelli's robust skill set, including extensive experience in finance, operations and business development, makes her an ideal fit for MSLO. She is smart and collaborative, with a deep understanding of the investment community. We are thrilled to have her join our executive team."

"I'd like to thank MSLO's Controller, Allison Jacques, for serving as our Principal Financial Officer, during this interim period. She and our talented financial organization will continue to make invaluable contributions to MSLO," Mr. Koppelman added.

A lawyer and a CPA with significant experience in the media industry, Ms. Turner joins MSLO from Time Warner where she held the position of Senior Vice President, Operations in the Office of the Chairman and CEO. Prior to that, she served as SVP, Business Development for New Line Cinema after having served as Time Warner's Vice President, Investor Relations. Ms. Turner worked in investment banking for many years with positions at Allen & Company and Salomon Smith Barney prior to joining Time Warner. Early in her career, she also gained tax and audit experience as a registered CPA at Ernst & Young, LLP.

"MSLO's brand strength and successful multiplatform approach makes it one of the most recognized brands in the world," said Ms. Turner. "I'm very excited to be joining this dynamic company with such phenomenal assets and a wealth of untapped opportunities ahead. I have great respect for what Martha Stewart has created and look forward to working with Charles, Wenda, Robin and MSLO's finance team to continue to build on the company's strong foundation and execute on its growth strategy," said Ms. Turner.

Ms. Turner received her undergraduate business degree and her law degree from The University of Michigan.

Martha Stewart Living Omnimedia, Inc.

Martha Stewart Living Omnimedia, Inc. (NYSE: MSO) is a diversified media and merchandising company, inspiring and engaging consumers with unique lifestyle content and distinctive products. The Publishing segment encompasses four magazines, including the company's flagship publication, Martha Stewart Living, periodic special issues and books. The marthastewart.com website provides consumers with instant access to MSLO's multimedia library, search and find capabilities, recipes, online workshops, community and personalization, as well as wedding-planning tools powered by WeddingWire. The Broadcasting segment produces such programming as the Emmy-winning daily, nationally syndicated television series, "The Martha Stewart Show," and Martha Stewart Living Radio on SIRIUS channel 112 and XM Radio 157. In addition to its media properties, MSLO offers high-quality Martha Stewart products through licensing agreements with carefully selected companies, including the Martha Stewart Collection exclusively at Macy's, Martha Stewart Everyday at Kmart, Martha Stewart Crafts with EK Success at Wal-Mart, Michaels and independent retailers, Martha Stewart for 1-800-FLOWERS.COM and a co-branded food line with Costco. In 2008, Emeril Lagasse joined the Martha Stewart family of brands; MSLO acquired the assets related to Lagasse's media and merchandising business, including television programming, cookbooks, and emerils.com website and his licensed kitchen and food products. For additional information about MSLO, visit www.marthastewart.com.

SOURCE Martha Stewart Living Omnimedia, Inc.

Source: PR Newswire

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