Martha Stewart Just Sold Her Media Empire for a Near-clearance Price

Martha Stewart Living Omnimedia, an unprofitable lifestyle business founded by the do-it-yourself maven, is being sold for a near-clearance price. Once valued at nearly $2 billion when it went public at the height of the dot-com boom, Martha Stewart Living is selling for a much smaller $353 million in a cash-and-stock deal to Sequential Brands…

http://time.com/3930107/martha-stewart-sold/

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