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"Tommy Tune: White Tie and Tails," a big-band musical revue starring the lanky tap-dancing performer, will close Sunday after playing only 23 performances at the Little Shubert, off-Broadway's newest theater The $12 million, 499-seat playhouse opened Dec 18 with the show which featured Tune, the Manhattan Rhythm Kings and a 16-piece orchestra 'Tommy Tune' Musical Revue Set to Close Dec 30, 2:14 PM EST The new theater made a bigger splash than its opening attraction The 63-year-old Tune, who directed such Broadway hits as "Nine," "The Best Little Whorehouse in Texas" and "Grand Hotel," will take "White Tie and Tails" on the road in late spring, its producers said The Little Shubert is owned by the Shubert Organization, Broadway's biggest landlord, and is in a high-rise apartment building on 42nd Street, west of the Broadway theater district 9 million The company acknowledged in its conference call with investors in early May, that distribution of its syndicated television daily show had been reduced to 52 percent from 90 percent of U The show was launched in 1992 as a weekly half-hour segment, but expanded to six days a week in 1997, according to Estroff S Shares in Martha Stewart Living fell 11 cents to close at $9 The company also said it will accelerate its development of special and new programming such as "Everyday Food," which was part of the Martha Stewart Living show, but is being spun out as a separate special on the weekends Stewart, who owns 61 percent of the media empire, also stepped down as chief creative officer and resigned from the company's board 18 in trading on the New York Stock Exchange "I am deeply sorry that it has become necessary for the show to go on hiatus until my personal legal situation is resolved," Stewart said The company, which markets merchandise, magazines and TV shows, has always said that its television segment, which accounts for about 11 percent of total sales, remains its most vulnerable division Revenues in its television division declined 36 percent to $4 TV markets 'Martha Stewart Living' Going on Hiatus May 18, 3:51 PM EST With its star facing a possible prison sentence, the floundering "Martha Stewart Living" television show will be put on hiatus after the current season winds up, the show's producers announced Tuesday In another move to distance itself from its founder, Martha Stewart Living Omnimedia said Tuesday that it will continue production of "Petkeeping with Marc Morrone," a half hour syndicated show that airs on the weekends S Stewart had resigned as chairman and CEO last June after being indicted 2 million in the first quarter local television markets She is expected to be sentenced June 17, and faces 10 to 16 months in prison " Tuesday's announcement is the latest bad news for the multimedia company, which has struggled with disappointing sales, quarterly losses and a battered stock since Stewart was linked to an insider trading scandal almost two years ago She assumed the title of founding editorial director The company will post a restructuring charge of up to $2 million in the second quarter Stewart was convicted March 5 for lying about why she sold 3,928 shares of ImClone Systems stock in 2001, just before the stock price plunged "I hope to resume our close collaboration just as soon as I am able to do so "Despite the current challenges, we are fully focused on developing for our loyal audiences new and special programming that is consistent with our unique 'how-to' style and high quality of television," said Heidi Diamond, president of the company's television division The segment has met company expectations, and garners 94 percent of U Merchandising, which makes up about 22 percent of overall business, has fared better, posting a slight gain to $10 King World was not actively trying to renew contracts in markets where the show aired In a related move, Martha Stewart Living Omnimedia Inc 8 million from $10 However, its market reach has been nearly cut in half as affiliates dropped the show following Stewart's conviction Publishing, which accounts for about 55 percent of the company's business, posted a 30 percent drop in revenue to $23 Even before her conviction, Stewart's TV show's future had been cloudy Production of the award-winning syndicated television show, distributed by King World Productions, will continue for the remainder of the 11th season, through September Earlier this month, Martha Stewart Living reported a wider-than-expected loss for the first quarter and said that advertiser defections will likely push losses for the second quarter beyond Wall Street's forecasts also will be eliminating 40 jobs in the television business segment by June 30, leaving 35 positions, spokeswoman Elizabeth Estroff said That was primarily due to CBS-owned and operated stations taking the show off the air after the conviction 3 million a year ago |
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