4
Wednesday, March 10, 2004
aggieli
THE BATTA1J
off campus living doesn't mean what it used to.
Conviction clouds future of
coming august 2004
www.warehouseapartments.com
Martha Stewart’s company
By Erin McClain
THE ASSOCIATED PRESS
STEWART
NEW YORK — Martha
Stewart’s felony conviction rat
tled through her rapidly eroding
business empire as shares of her
namesake company continued
to fall, Viacom canceled her
syndicated television show and
she quit the board of cosmetic
giant Revlon.
The big question that
remained was the future of the domestic diva’s
bread-and-butter job as a leader within the compa
ny that bears her name.
Martha Stewart Living Omnimedia Inc.’s board
met Monday to discuss Stewart’s future, according
to a source close to the company who spoke on
condition of anonymity. Company officials would
not comment and it was unclear whether the board
took any action. Company officials did not return
calls seeking comment Tuesday.
Stewart stepped down from her roles as chair
man and chief executive after being indicted in
June but remains as a board member and chief
creative officer. With her conviction, the govern
ment will likely press to have Stewart removed
from the board.
Stewart was convicted Friday, along with
stockbroker Peter Bacanovic. of lying about why
she sold 3,298 shares of ImClone Systems stock
on Dec. 27, 2001, just before it plunged on a neg
ative report from government regulators.
Stewart was convicted of conspiracy, making
false statements and obstruction of justice.
Bacanovic was convicted of conspiracy, false
statements, obstruction and perjury.
Botli are expected to get 10 to 16 mon
prison when they are sentenced June 17,
have said they will appeal.
Stewart briefly addressed a horde of ci
crews Monday outside a courthouse wher
spent about an hour with probation
will make a sentencing recommendation
“I want to thank my readers, my viewers
the Internet users,” Stewart said as she
into a sport utility vehicle. “I just want loill^ ^
everyone for their support.”
Shares of Martha Stewart Living Omnim
fell 96 cents to close at $9.90 Monday on
York Stock Exchange — adding to a n
percent tumble on Friday after the verdicts.
T\
senic
Dakk
% to 13
midday Tuesday, the stock down 38 centsat5!
a fall of 3.8 percent from Monday.
Stewart’s syndicated television show,“Mi ca ||
Stewart Living,” was taken off the air"
Viacom-owned CBS and UPN stations. Site
stepped down from the board of cosmetics
Revlon Inc., Revlon spokeswoman Cate
Fisher confirmed. Stewart had servedonRevfc ^
Amei
going
natiu
board since 1996.
The New York Times said Monday
columns its syndicate distributes v
renamed and written by people other than Stem j ]omc
starting immediately.
In the parking lot of a Kmart store inKei
N.J.. Rasheedah Norton had a shopping can
of Stewart products carried by the retail cl
"As you see, my whole cart is Martha,"shesii
"I love the styling, and everything matclfe
love Martha.”
Norton said she would continue buying
Martha Stewart brand “as long as they sell if
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Tonya Harding!
play ice hockey
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ONLY 5
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lo ret
INDIANAPOLIS (A
Disgraced former U.S
skating champion andaspifi^
boxer Tonya Harding hasait!
goal: minor league ice hocte
The Indianapolis Ice oil
Central Hockey Leagl 0 f
announced Monday that it lu
signed the 33-year-oldHardii
to join the team
It’s been 10 years stni
Harding's ex-husband h\tj
hit man to Attack rival
Kerrigan at the 1994 m
championships. Harding
always denied knowledge
the attack, but pleadedgui
conspiracy and was bat
from amateur figure sltal
competition.
The Ice in 2002 signed
foot-7 former NBA
Manute Bol for a one
stint with the team, b
never made it on th
because his feet swelled w
his custom-made skates.
contii
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Aft
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Oprah is worlds
most fashionab!
the MUSICAL
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THE HOLLYWOOD REPORTER
EXHILARATING
THE PHILADELPHIA INQUIRER
COMPLETELY UPLIFTING
NEW YORK (AP) -
Winfrey — talk show
actress and magazine editoi'
has a new title to add t(
resume: one of the wi
most fashionable women.
Winfrey appears for thi
time on Vanity Fair's
International Best-Dn
List, which is being reli
Wednesday.
The host of “The
Winfrey Show” says
Onassis and Coco
her fashion icons, and
Gianfranco Ferre as
favorite designer.
Not surprisingly, soccer|l
er David Beckham - <
national fashion icon
style has inspired C
Gabbana — made the
top 10 list. Among thoseji
him are actors GeorgeCli
and Jude Law and i
anchors Brian Williams of
and Anderson CooperolCl||
The annual list —
inated in the ’20s and
prominence under the?
ance of fashion maven Elea
Lambert, who died in
— will now appear in W
Fair magazine, starting w*
April issue.
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