UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
_____________
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSANT TO RULES 13d-1(b), (c),
AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b)
(Amendment No. 1)*
Martha Stewart Living Omnimedia, Inc.
__________________________________________
(Name of Issuer)
Class A Common Stock, par value $.01 per share
______________________________________________
(Title of Class of Securities)
573083102
__________
(CUSIP Number)
January 11, 2001
_______________________________________________________
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
/ / Rule 13d-1(b)
/x/ Rule 13d-1(c)
/ / Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
SCHEDULE 13G
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CUSIP No. 573083102 Page 2 of 5 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
AOL Time Warner Inc.
13-4099534
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* a / /
b / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
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5 SOLE VOTING POWER 0
NUMBER OF SHARES ------- --------------------------------------------
BENEFICIALLY ------- --------------------------------------------
OWNED BY EACH 6 SHARED VOTING POWER 1,219,597
REPORTING ------- --------------------------------------------
PERSON WITH ------- --------------------------------------------
7 SOLE DISPOSITIVE POWER 0
------- --------------------------------------------
------- --------------------------------------------
8 SHARED DISPOSITIVE POWER 1,219,597
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON 1,219,597
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* / /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.5% (1)
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12 TYPE OF REPORTING PERSON* HC
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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(1) Represents less than 1% of the aggregate outstanding voting power.
CUSIP No. 573083102 Page 3 of 5 Pages
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The Statement is being filed to reflect the combination on January 11, 2001 of
America Online, Inc. ("AOL") and Time Warner Inc. ("Time Warner"), in
connection with which (1) each of AOL and Time Warner became a wholly owned
subsidiary of AOL Time Warner Inc. ("AOL Time Warner") and (2) AOL Time Warner
became the ultimate beneficial owner of the Class A Common Stock, par value
$.01 per share (the "Class A Common Stock") of Martha Stewart Living Omnimedia
Inc. beneficially owned indirectly by Time Warner, a direct wholly owned
subsidiary of AOL Time Warner.
In addition the Statement reflects the disposition of 1,366,000 shares of Class
A Common Stock on March 31, 2000.
Item 1(a) Name of Issuer
Martha Stewart Living Omnimedia, Inc.
__________________________________________________
Item 1(b) Address of Issuer's Principal Executive Offices:
11 West 42 Street
New York, NY 10036
Item 2(a) Name of Person Filing:
AOL Time Warner Inc.
__________________________________________________
Item 2(b) Address of Principal Business Office or, if None, Residence:
75 Rockefeller Plaza
New York, NY 10019
Item 2(c) Citizenship: Delaware
Item 2(d) Title of Class of Securities:
Class A Common Stock, par value $.01 per share
_________________________________________________
Item 2(e) CUSIP Number:
573083102
___________________________
Item 3. If this Statement is filed Pursuant to Rule 13d-1(b) or
13d-2(b) or (c), Check Whether the Person Filing is a:
(a) / / Broker or dealer registered under Section 15 of the Exchange Act.
(b) / / Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) / / Insurance company as defined in Section 3(a)(19) of the
Exchange Act.
(d) / / Investment company registered under Section 8 of the Investment
Company Act.
(e) / / An investment adviser in accordance with Rule 13d-1 (b)(1)(ii)(E);
(f) / / An employee benefit plan or endowment fund in accordance with Rule
13d-1(b)(1)(ii)(F);
(g) / / A parent holding company or control person in accordance with Rule
13d-1(b)(1)(ii)(G);
(h) / / A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act;
(i) / / A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
(j) / / Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check
this box. /x/
CUSIP No. 573083102 Page 4 of 5 Pages
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Item 4. Ownership.
Provide the following information regarding the aggregate number
and percentage of the class of securities of the Issuer
identified in Item 1.
(a) Amount beneficially owned:
1,219,597
_________________
(b) Percent of Class:
8.5% (1)
__________________
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 0 ,
______________
(ii) Shared power to vote or to direct the vote 1,219,597 ,
______________
(iii) Sole power to dispose or to direct the
disposition of 0 ,
______________
(iv) Shared power to dispose or to direct the
disposition of 1,219,597 ,
_______________
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
Time Publishing Ventures, Inc., (a wholly owned indirect
subsidiary of AOL Time Warner Inc.) - CO
Item 8. Identification and Classification of Members of the Group.
Not applicable
Item 9. Notice of Dissolution of Group.
Not applicable
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(1) Represents less than 1% of the aggregate outstanding voting power.
CUSIP No. 573083102 Page 5 of 5 Pages
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Item 10. Certifications.
By signing below the undersigned certifies that, to the best of the
undersigned's knowledge and belief, the securities referred to
above were not acquired and are not held for the purpose of or with
the effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or
effect.
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement
is true, correct and complete.
Date: January 22, 2001
AOL TIME WARNER INC.
By: /s/ J. Michael Kelly
___________________________
Name: J. Michael Kelly
Title: Senior Vice President
& Chief Financial
Officer