Martha Stewart assembled a pool of talent that understands her tastes so well that the company could probably keep on creating recipes, crafts projects and linen designs to her high standards without her.
Alexander Lavryonov, a spacecraft constructor and the inventor of the new method of advertising, told Interfax that "space commercials could embrace huge areas and a colossal number of consumers. This would literally be intercontinental coverage. Huge writings in the sky made out of satellites could fly around the earth several times a day, and people would be able to clearly see advertising symbols and words at night."
After a week of negotiations with lawyers, Martha Stewart could learn as early as today whether she will be allowed to continue to be a creative influence at the company that bears her name, a person briefed on the talks said yesterday. But such a role may not be acceptable to shareholders, business partners, shoppers and securities regulators.
Even though Walt Disney Co. has said that ABC is on the verge of profitability, at least one analyst thinks that isn't gonig to happen anytime soon. A CIBC World Markets analyst estimated Disney would be $200 million short of breaking even in 2005.
Publicis Groupe is negotiating the exit of Zenith Optimedia Group CEO John Perriss, as part of a re-organization of its media operations, executives close to the French holding company said.
When media titans clash over television rights, there's always the weapon of last resort: pulling the plug. But as the DISH Network and Viacom Inc. found out this week, actually using that weapon can be extremely costly, not only for the two combatants but also for anyone else in the industry hoping to win friends in Washington and in the public.
The TV service will have trouble meeting its goals without a cable deal -- and the cable companies may prefer to do things on their own.
Martha Stewart is close to an agreement with Martha Stewart Living Omnimedia Inc. that would allow her to continue to play a role at the company she founded despite her criminal conviction last week, according to people familiar with the talks.
Legislation meant to crack down on indecency on the nation's airwaves could run afoul of free speech rights and undermine the overall effort, Federal Communications Commission Chairman Michael Powell said on Wednesday.
Condé Nast Publications has decided to try to extend its success with fashion shopping magazines for men and women to a new publication, aimed at shoppers for home furnishings.