NEW YORK (Reuters) - Martha Stewart Living Omnimedia Inc. (MSO.N: Quote, Profile, Research, Stock Buzz) expects to generate about a third of its earnings before interest, tax, depreciation and amortization from its Internet business by 2010, CEO Susan Lyne said on Thursday.
"We are looking at publishing, merchandising and Internet each driving roughly a third of our EBITDA by 2010," Lyne said at the Reuters Media Summit in New York.
For the third quarter, the company's Internet business posted an adjusted loss before interest, tax, depreciation and amortization of $600,000 on revenue of $2.8 million.
Its publishing business had adjusted EBITDA of $2.9 million on revenue of $36.3 million in the same period, and its merchandising business posted adjusted EBITDA of $6.1 million on revenue of $11.9 million.
(For more coverage of the Reuters Media Summit, please see our MediaFile blog at blogs.reuters.com/mediafile)
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