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HERE TODAY, GONE TOMORROW: Though there are two new chief executives at the helm of Martha Stewart Living Omnimedia Inc., one thing hasn’t changed: the incremental, under-the-radar layoffs. Reports have spread throughout the company in the past few days of at least a dozen departures, possibly more, across several divisions. The highest-level cut seems to be president of broadcasting Sheraton Kalouria, a 2005 hire by previous chief executive Susan Lyne, who had worked with Kalouria at ABC. A call to the company confirmed Kalouria was no longer working there. Brent Ridge — a fixture at Martha Stewart Living media properties, including radio, who has the title of vice president for healthy living — is also said to have seen his role reduced, but it could not be confirmed by press time. A spokeswoman for the company did not respond to a detailed request for comment.
In the second-quarter earnings call last week, an analyst asked chief financial officer Howard Hochhauser if a “specific new cost program” was being implemented at the company. Hochhauser said it was not.
— Irin Carmon