SEVENTEEN SPA AND SALON: Seventeen magazine has entered into an exclusive licensing agreement with Teen Studios to launch a $2 million-plus Seventeen Studio/Spa/Salon. It is comprised of three distinct areas: the spa/salon, a retail store and an Internet cafe. The 8,700-square-foot venue, which will open in Dallas in June, will offer hair services, manicures, pedicures, professional makeup instruction and application, teen facials, waxing and massage services. A makeup wall in the store will allow teens to sample products from various makeup brands.
MARTHA’S MILLIONS: Net income at Martha Stewart Living Omnimedia dipped 3.3 percent, to $5.7 million from year-ago profits of $5.9 million, in the fourth quarter ended Dec. 31, 2001. Earnings per diluted share were 12 cents in both periods as overall revenues dropped 0.6 percent, to $85.1 million from $85.5 million. Earnings before interest, taxes, depreciation and amortization rose 21 percent, to $13.2 million. Reflecting the difficult ad climate, publishing revenues for the three months receded 10.1 percent, to $47. 3 million from $52.6 million, and pages in Martha Stewart Living declined 21 percent although two special issues — At Home with Technology and Holiday Cookies — partially offset the lower page count.