It seems Martha Stewart's media company, Martha Stewart Living Omnimedia, isn't doing so well. Her food recipe magazine, Everyday Food, is being killed off. Instead, they are hoping to integrate food ideas into Martha Stewart Living.
The media company is also looking to sell their health magazine, Whole Living, in the hopes of generating some revenue. They have also laid-off 70 of their 600 employees. Apparently, all the changes are expected the save the company $33 million to $35 million a year.