MSLO CEO Lisa Gersh To Resign

MSLO CEO Lisa Gersh to Resign:  Martha Stewart Living Omnimedia announced this morning that president and CEO Lisa Gersh, after a year and a half on the job, will be stepping down and that the company is already looking for a successor. A timeframe has not been put on the transition period, according to the announcement, but the changeover is signaling a expanded merchandising strategy. The company says it plans to expand into new product categories and add new distribution partners both domestically and internationally. In its fourth quarter earnings call, the company reported merchandising revenue will be 15 percent higher than the same period last year with EBITDA margins of 70 percent.