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Stewart Case / The Business / A Discussion #759755

CNN Evening News for Thursday, Jul 15, 2004
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(Washington: Wolf Blitzer) Report introduced.

(New York: Allan Chernoff) The fate of Martha Stewart, who will be sentenced tomorrow, examined; details given about the status of her business empire, especially her magazine "Martha Stewart Living," which is losing revenue, & her syndicated TV show. [Morningstar's T.K. McKAY†- says if her reputation is damaged, her business will be affected.] [Starcom USA media director Brenda WHITE†- says advertisers have pulled out.] Statement from Martha Stewart Living Omnimedia quoted. The changes that will be made in the magazines detailed.

(Washington: Wolf Blitzer) Live discussion held with Chernoff & CNN legal analyst Jeffrey Toobin about Stewart's case. [TOOBIN - says Stewart will likely serve prison time; notes Stewart's need to thread a needle if she says anything at her sentencing.] [CHERNOFF - says Stewart has been trying to get her financial house in order before she goes to prison; comments on the future for Stewart's stock with the business in serious decline.]

Reporter(s):
Blitzer, Wolf;
Chernoff, Allan
Duration:
00:06:50

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