#2 Martha Stewart Living Omnimedia

Founder: Martha Stewart

Percent voting share: 86.7 percent

Year founded: 1997

Martha Stewart Living Omnimedia (MSO) is a diversified media and merchandising company founded by Martha Stewart. It is organized into four business segments: Publishing, Internet, Broadcasting media platforms and Merchandising product lines. MSLO's business holdings include a variety of print publications, television and radio programming, and e-commerce websites.

She remains chairman of the company even as it continues to struggle. Stewart’s audience is aging and the company relies too much on its print magazines. Martha Stewart’s image took a serious hit in 2004 when she was found guilty of conspiracy, obstruction of justice, and making false statements to a federal investigator after she was indicted for insider trading. Although Martha Stewart launched a high-profile “comeback” campaign after her release, her efforts have not paid off for the company, which has not turned a profit in any year since 2007. The company’s stock price is down more than 58 percent in the last five years. Despite the company’s struggles, Martha Stewart was paid more than $21 million between 2009 and 2011.

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