Later, he pressed Schmidt to reconcile his and his fellow Google executives' use of a retrofitted Boeing 767 plane with environmental concerns. Schmidt's answer mostly amounted to a change of subject.
— Irin Carmon
EW FINDS ITS MAN: Brian Anstey was named Entertainment Weekly's design director. Anstey succeeds Geraldine Hessler, who left earlier this month. Managing editor Rick Tetzeli sent a memo to the staff late Wednesday night, describing Anstey as "a strong leader and a great collaborator, and he's got a bucket of editorial ideas and a deep passion for this magazine. Plus, at [The University of] Iowa he designed a poster of Diablo Cody for the college radio station, so he must have always been destined for this gig!" Anstey, who was previously an art director at the weekly magazine, has served as acting design director since Hessler's departure.
FLAT IS OK: Martha Stewart Living Omnimedia Inc. is in the market for "appropriate acquisitions," Susan Lyne, president and chief executive officer, said Tuesday — although she didn't say what or in what sector. On a conference call with analysts as the company reported first-quarter results, Lyne also talked about the publishing division, which had essentially flat revenues in the quarter compared with the prior year — $40.8 million versus $40.6 million. But excluding the shuttered Blueprint from the picture, the increase would have been 4 percent. Operating income rose to $1.7 million from $1.3 million and the company predicts ad revenues will finish the second quarter up in the midsingle digits. Like its competitors, the company is hoping to further diversify its ad categories to minimize the impact of a significant downturn in any one sector. Wenda Harris Millard, president, media, pointed to beauty, travel, technology and consumer electronics and pet supplies as "growing sectors" for the balance of the year. She added that there is very limited visibility past June with advertising since the marketing community is making deals later than usual.
Overall the company's revenues increased approximately 2 percent to $67.8 million, from $66.7 million. After deducting for production, selling, distribution and other costs, the firm had an overall loss with net losses in the quarter totaling $4.2 million. This compares with net losses of $11.9 million in the first quarter of last year, with the reduction a result of higher ad sales at several of its magazines.