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6 million in the year-ago period For the six months ended June 30, the company posted a loss of $3 5 million, or 2 cents per share, compared with $13 Shares of Martha Stewart Living fell 16 cents, or 2 percent, to $7 Analysts polled by Thomson First Call had projected a 4 cent loss for the second quarter 8 million, down 3 In a conference call with analysts Monday, president and CEO Sharon Patrick said that the brand will remain "under significant pressure" until Stewart's legal problems are resolved Stewart is a personal friend of ImClone founder Sam Waksal, who pleaded guilty to securities fraud last fall and began serving a seven-year prison sentence last month 2 million a year earlier 51 million, or 13 cents per share, in the first six months of 2002 6 million for the quarter, down from $47 on Dec , reeling over a scandal surrounding its namesake founder and former chief executive, posted an 86 percent drop in second quarter profits Monday, as revenue fell more than 16 percent 1 million, or 16 cents per share, in the year-ago period " The company expects a loss of 15 cents per share in the third quarter and a loss of 18 cents to 20 cents for the full year 1 million a year ago 6 million a year earlier Stewart has maintained her innocence 7 million, or 14 cents per share, in the year-ago period 8 million, down 26 percent, from $16 million in the year-ago period The New York-based company, which produces magazines, TV programs and merchandise, reported a profit of $931,000, or 2 cents per share, for the three months ended June 30 6 million in the April-June period, down 9 percent from $7 Martha Stewart 2Q Profits Off 86 Percent Aug 11, 2:03 PM EST Martha Stewart Living Omnimedia Inc 8 million from $78 The multimedia company surprised Wall Street analysts, who had forecast a loss Revenues fell to $65 Everyday Food, which will begin regular publication after a six-month test, is the first magazine project not to have Stewart's name 0 percent from $8 3 million in the year-ago period " However, in the event of a guilty verdict, Patrick noted that obviously the "rebound will be more difficult The decline in performance was due primarily to lower ratings and advertising revenue from the company's nationally syndicated daily show The company also has been stung by the financial problems of Kmart, whose exclusive Martha Stewart Everyday brand is the store's biggest label The company's merchandising division posted revenues of $11 The company's television division had revenues of $6 Patrick added the title of chief executive in June, after Stewart resigned the post hours after her indictment in a stock trading scandal that could land her in prison That compared with a profit of $6 Analysts polled by Thomson First Call had projected losses of 6 cents in the third quarter and 9 cents for the year Patrick told analysts that the company is "squarely" in support of Stewart, and noted that if there is a positive resolution to the case, the rebound of the business should be "swift The company's publishing division, which accounts for about 60 percent of total revenues, posted a 16 percent decline in revenues to $39 Revenues in the Internet/Direct Commerce division were $7 Excluding losses from discontinued operations, the company posted earnings of $1 Revenues fell to $123 Since the investigation became public in June 2002, Martha Stewart Living has seen its stock price tumble and has struggled with skittish advertisers The indictment resulted from an investigation into Stewart's decision to sell nearly 4,000 shares of ImClone Systems Inc 58 million, or 7 cents a share, compared with a profit of $6 marthastewart 82 per share in afternoon trading on the New York Stock Exchange com But executives warned that losses for the third quarter and full year will be at least double what Wall Street had expected A trial is set for January 12, 2004 â€â€?â€â€?â€â€? On the Net: www The results reflect lower advertising and circulation revenue at Martha Stewart Living magazine, partially offset by higher revenues from Everyday Food and Martha Stewart Weddings 81 million, compared with $146 27, 2001 â€â€? the day before a troubling government report on ImClone sent its stock price tumbling She remains on the company's board and continues to serve as chief creative officer NBC's "Nightly News" had 8 ABC also pronounced itself pleased with its ratings ABC's "World News Tonight" rose slightly, from 9 The two creators were responsible for seven of the top eight most-watched shows last week 9, 4), the WB had 2 (Elizabeth Vargas sat in for Jennings on Friday 4 million; "CSI: Miami," CBS, 12 million; "Law & Order," NBC, 11 The ratings for last week were particularly heartening for NBC, since Brian Williams subbed for Brokaw as anchor against Jennings and Rather com " The serious news of the Bush administration â€â€? the terrorist attacks, subsequent wars and economic troubles â€â€? have demanded a toughness from the evening newscasts and NBC has responded, he said nielsenmedia 1 million "I don't think it's something to be overly concerned about 'CBS Evening News' Hits Ratings Low Jul 1, 4:54 PM EST "CBS Evening News" marked a low point in a storied history last week â€â€? its smallest average audience in at least 10 years, perhaps ever 8 million viewers (5 This comes despite the war in Iraq, which helped cable news ratings shoot up during the same period 79 million I think the program itself journalistically is as good as it has ever been 7 million (5 5 rating, 10 share) ," NBC, 10 million; "King of Queens," CBS, 10 million; "Friends," NBC, 9 "I don't think he's the issue 8 million; "Without a Trace," CBS, 12 CBS had 7 6 million, from the first half of last year to this year " Ratings for these flagship newscasts have been steadily eroding, so you would probably have to go back to the early days of television to find a lesser-watched week 5 million to 8 76 million to 9 5 million viewers, according to Nielsen Media Research For the week of June 23-29, the top 10 shows, their networks and viewerships: "CSI: Crime Scene Investigation," CBS, 13 8, 7), ABC had 5 2 million to 10 5 million; "Law & Order: SVU," NBC, 10 " His competitors have looked forward to that as a time to make ratings inroads, but the lengthening of NBC's lead makes that job tougher "I think we've got a consistency that America recognizes," said Steve Capus, executive producer of NBC's "Nightly News ) That will be the evening match-up starting in December 2004, when Brokaw retires from "Nightly News Discounting holidays and weeks when the news was pre-empted, researchers going back to 1993 could not find a worse week for the "CBS Evening News 9 million (1 9, 7), UPN had 2 The weeks around July 4 are generally the least-watched TV weeks of the year Some analysts suggested an emphasis on hard news by NBC and ABC has outflanked CBS, which always considered hard news a point of pride 4 million; "Law & Order-Wednesday 9 p His job is not in any danger, according to his boss, who praised Rather as "full of energy and enthusiasm for the program "Clearly, we want to reverse that trend," CBS News President Andrew Heyward said Tuesday 2 million A ratings point represents 1,067,000 households, or 1 percent of the nation's estimated 106 6 million (3 5 million; "Law & Order: Criminal Intent," NBC, 10 9 million viewers and ABC's "World News Tonight" had 8 7 million TV homes 7, 3) and Pax TV had 860,000 (0 â€â€?â€â€?â€â€? On the Net: http://www 8 million (3 NBC's "Nightly News" went up 4 percent, from 10 4 million; "Everybody Loves Raymond," CBS, 10 It's an issue but not something I want to overreact to " "He's one of the best broadcast journalists ever," Heyward said 6, 1) Cronkite was dominant for years, and Rather spent much of the 1980s atop the ratings, before being passed, first by ABC's Peter Jennings and then NBC's Tom Brokaw 4, 10), Fox had 5 Heyward said not every ratings fluctuation can be explained by looking at the content The share is the percentage of in-use televisions tuned to a given show 1 million, compared to the first six months of 2002 m NBC won the week, averaging 7 " For the first six months of this year, CBS' average evening news audience has dropped 5 percent, from 8 He said he'll look for tactical improvements, such as promoting the show more aggressively in certain markets, to boost viewership It was watched last week by an average of 6 " Rather, 71, has anchored the CBS evening newscast since taking over for Walter Cronkite in March 1981 The evening newscast with Dan Rather, for several years third in the ratings behind NBC and ABC, has lately been losing even more ground to its rivals 3 million (1 A slow week in prime-time was dominated by producers Jerry Bruckheimer (with the "CSI" shows and "Without a Trace") and Dick Wolf (with his "Law & Order" shows) |
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