Martha Stewart Living Omnimedia (MSO) is close to selling itself to Sequential Brands Group an acquisitive retail-licensing company, according to the Wall Street Journal. Such a move would mark the end of an independent publishing and housewares conglomerate that grew out of Ms. Stewart’s knack for decorating, cooking and gardening—a company now worth a fraction of what it once was. A deal would usher in the latest chapter in the remarkable career of Ms. Stewart who used TV and magazines to elevate homemaking to an aspirational level. Her ascent was interrupted in 2004 when she was convicted of obstructing a government investigation into a stock sale. She served nearly five months in jail. She ultimately returned to a company that has been buffeted by many of the same forces that others in the media industry are facing.
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