Posted on: Friday, November 12, 2004

Martha Stewart's company gets new CEO

Associated Press

NEW YORK — Martha Stewart Living Omnimedia Inc., still reeling from the legal woes of its founder, has named board member and former ABC entertainment president Susan Lyne as its new chief executive and president, replacing Sharon Patrick.

Lyne, who has served as a director of Martha Stewart Living since June 2004, has had a 25-year career in the television, publishing and film industries.

Lyne was president of ABC Entertainment from January 2002 to May 2004 and had held executive positions at the network since 1998. She was ousted from ABC in a shake-up after years of disappointing prime-time ratings. One of the shows she championed during her last year was "Desperate Housewives," the network's biggest hit this season.