Word: patrick
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...pages of the company's magazines, that is already happening. With the September issue, Martha Stewart Living will be redesigned to reduce the emphasis on Stewart's name in the title. The back-page spot once occupied by her essay is now home to the "Cookie of the Month." Patrick has also quietly launched a new magazine, Everyday Food, a digest-size title filled with pared-down recipes. The magazine, which has shed almost all references to Stewart, was the one bright spot in the company's publishing segment, and now has a circulation of 750,000, a 50% jump...
They begin with Patrick, a longtime confidant of Stewart's. A former McKinsey consultant, she helped Stewart craft a multimedia lifestyle conglomerate out of her cookbooks, television specials and endorsement deals. Patrick stood by her side when Stewart rang the opening bell at the New York Stock Exchange on Oct. 19, 1999, the day the company went public. At its peak, the stock reached nearly $40 a share, but it has dipped close to $5 since news of Stewart's sale of ImClone, a biotech-company stock, surfaced in June 2002. That sale triggered a federal investigation and her subsequent...
...Patrick's challenge is to find a way to regain the confidence of advertisers, many of whom have abandoned Martha Stewart Living, the company's flagship magazine. Ad revenue dropped 54% in the first quarter, and over the past 18 months the magazine has lost about 500,000, or 22%, of its subscribers. In an impassioned statement delivered outside the New York City courthouse where she heard her sentence, Stewart made a sales pitch on behalf of her "beloved company." Standing in a sober black suit with her daughter Alexis behind her, she thanked fans for sending thousands of letters...
...whatever changes Patrick makes, the results may not surface for a while. Analysts expect 2004 to be another unprofitable year for the company as it slowly rebuilds itself in a new image. It had a perfect one, but she proved to be all too human...
...Plenty More To Swear About" [July 5], columnist Joe Klein noted that Vice President Dick Cheney deployed the F word against Patrick Leahy on the Senate floor. Cheney later commented that he felt better afterward. He may be right. I uttered the same obscenity at Cheney, and it made me feel better too. LOUK WIJSEN Alameda, Calif...