Martha Stewart Living CEO Gets the Hook After Five Months NY Post
Martha Stewart Living Omnimedia is getting a new chief executive just five months after it tapped Lisa Gersh to revive the company's media properties, reports the New York Post.
Gersh, a former television executive and co-founder of Oxygen Media, was hired as president and chief operating officer in 2011 and promoted to CEO in July 2012.
The company's TV and publishing properties haven't flourished recently, the story notes. Hallmark Channel canceled Stewart's daily show in January, and the magazine group is shutting down its Whole Living and Everyday Food titles, the piece adds.
The company said it has hired an executive search firm to find a replacement for Gersh, who will leave after a transition period.