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Published on: 3/9/2004
Last Visited: 3/10/2004
"At one point, her attorneys seem to be arguing that Martha Stewart is such a genius she would never do anything so stupid," explained local investment counselor Erik Knutsen of Edward Jones.
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Along with the drop in price of its stock, there has already been, said Knutsen, a 30 percent drop in its advertising revenues."That means as many as one of three of those companies who advertised in her magazines or on her television show have dropped out," he said.Then again, will there even be a show to advertise on?Monday, 12 of Viacom's CBS local stations and a few UPN locals indicated they would no longer air the program.Still, Stewart has some very loyal, well, fans, people she thanked Friday as she left the courthouse.Some will continue to believe her innocent or, at worst, a scapegoat even as, should appeals fail, she enters prison to begin an expected 10-16 month sentence.