Directors at Martha Stewart Living Omnimedia said today that
they have elected Martha Stewart to the board. She’s able to
join now due to the expiration of a deal that she struck with
the SEC in 2006 to settle a case involving securities fraud and
obstruction of justice charges. Stewart had agreed not to manage
or sit on the board of a publicly traded company for five
years.  The move had been expected since May, when the company
hired Oxygen Media co-founder Lisa Gersh as president and chief
operating officer and retained Blackstone Advisory Partners to
explore opportunities for the company that some have speculated
could include a sale. MSLO has struggled in its TV business and
is looking to boost its digital and publishing initiatives.