Martha Stewart Living Omnimedia Inc. said today that it has reached an agreement to purchase chef Emeril Lagasse’s media and licensed properties for $45 million in cash and $5 in stock.

Launching your own ad network is the rage right now. I read that this year is the year for launching your own social network and next year is the year for launching your own ad network.

I overheard a startup that is making it easier for you to do that (hopefully we’ll get more on this in the next few weeks).

The post-Terry Semel era at Yahoo sees a shakeup at the top of its cross-platform, North America sales team, as Wenda Harris Millard moves from the portal company to Martha Stewart Living Omnimedia.