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To: LOGAN12 who wrote (3681)	2/4/2000 6:41:00 PM
From: Edwin S. Fujinaka	Read Replies (1) \| Respond to of 6020

Hey Linda, now Son is in bed with Martha Stewart: Martha Stewart Gets 5% Stake in BlueLight.com (Update1) By Tara Beecham Martha Stewart Gets 5% Stake in BlueLight.com (Update1) (Updates with closing stock price.) New York, Feb. 4 (Bloomberg) -- Martha Stewart Living Omnimedia Inc., a multimedia company built from its founder's how-to tips on cooking, entertaining and crafts, will invest $13 million in BlueLight.com LLC in exchange for a 5 percent stake in the electronic-commerce Web site. BlueLight.com was started in December by Kmart Corp., the No. 2 U.S. discount retailer, along with Softbank Corp. and Yahoo! Inc., the top online search and directory service, as a free Internet service, and includes an online store. Troy, Michigan- based Kmart owns 60 percent of BlueLight.com. As part of the transaction, New York-based Martha Stewart Living will make its Martha Stewart Everyday garden, bed and bath items, which are currently available in Kmart stores, available for sale online by mid-year on bluelight.com. Martha Stewart Living, which already has a distribution agreement with Kmart, also publishes books and magazines and produces a daily syndicated television program. The shares of Martha Stewart Living fell 1, or 3.8 percent, to 25 in New York Stock Exchange trading. They've risen about 39 percent since the company first sold shares to the public in October.