Tuesday, February 19, 2008

Wealthy TV food personality bought out by Wealthier TV food personality

BAM!

Sorry Emeril, but every time you say that from now on, your new financial master, Martha Stewart is going to get a piece of the pie - which Emeril seems to be knee deep in these days.



According to an AP report, Martha Stewart bought the rights to, "the Emeril Lagasse franchise of cookbooks, television shows and kitchen products for $45 million in cash and $5 million in stock at closing."

While the final payoff for Lagasse could reach up to $70 million, he'll still keep his eleven restaurants under his control.

So does Emeril's deal with Martha Stewart change your views on him? Will you watch his shows on Martha's network?

2 comments:

Marc said...

I didn't watch his show anyway. Oh well.

Nancy Lindquist-Liedel said...

Well, there's a marriage made in Hades.