New York – Martha Stewart Living Omnimedia (MSLO) reported net income of $2.24 million in the second quarter of fiscal 2014, a turnaround from a net loss of $636,000 in the second quarter of the previous fiscal year. Revenues fell 11% to $37.6 million from $42.2 million, due to lower print and merchandising revenue partially offset by higher digital advertising revenue.
"For the past several months, we have been focused on managing our costs and expenses without in any way sacrificing our high quality content and designs,” said Dan Dienst, CEO. “We saw the efforts of many of our talented staff pay off this quarter, which is the first profitable second quarter our company has achieved since 2008. With the business stabilized, our business unit realignments behind us, and efficiencies and productivity measures being rigorously monitored, we are now keenly focused on the many growth opportunities ahead of us across all verticals and all geographies. As I have said on several recent occasions, the best years for MSLO are indeed ahead of us."