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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 MxIbyaNjRtbaPjR+kR7rjdz9wlsUiUiS1Tyb+Uv93d6JkRVGSs1Oik7WrEs6uS70
 XrAGUtZHPWzNJGH0mw5MIw==

<SEC-DOCUMENT>0000895345-04-000213.txt : 20040326
<SEC-HEADER>0000895345-04-000213.hdr.sgml : 20040326
<ACCEPTANCE-DATETIME>20040326182719
ACCESSION NUMBER:		0000895345-04-000213
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040109
FILED AS OF DATE:		20040326

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			STEWART MARTHA
		CENTRAL INDEX KEY:			0001103637

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15395
		FILM NUMBER:		04694267

	BUSINESS ADDRESS:	
		STREET 1:		C/O MARTHA STEWART LIVING OMNIMEDIA INC
		STREET 2:		20 WEST 43RD STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036

	MAIL ADDRESS:	
		STREET 1:		C/O MARTHA STEWART LIVING OMNIMEDIA INC
		STREET 2:		20 WEST 43RD STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MARTHA STEWART FAMILY LIMITED PARTNERSHIP
		CENTRAL INDEX KEY:			0001256813
		STATE OF INCORPORATION:			CT

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15395
		FILM NUMBER:		04694268

	BUSINESS ADDRESS:	
		STREET 1:		19 NEWTOWN TURNPIKE, 2ND FL.
		CITY:			WESTPORT
		STATE:			CT
		ZIP:			06880
		BUSINESS PHONE:		2038407113

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MARTHA STEWART LIVING OMNIMEDIA INC
		CENTRAL INDEX KEY:			0001091801
		STANDARD INDUSTRIAL CLASSIFICATION:	PERIODICALS:  PUBLISHING OR PUBLISHING AND PRINTING [2721]
		IRS NUMBER:				522187059
		STATE OF INCORPORATION:			DE

	BUSINESS ADDRESS:	
		STREET 1:		20 WEST 43RD STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036
		BUSINESS PHONE:		2128278000

	MAIL ADDRESS:	
		STREET 1:		20 WEST 43RD STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>jl4-martha_marthaex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2004-01-09</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001091801</issuerCik>
        <issuerName>MARTHA STEWART LIVING OMNIMEDIA INC</issuerName>
        <issuerTradingSymbol>MSO</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001256813</rptOwnerCik>
            <rptOwnerName>MARTHA STEWART FAMILY LIMITED PARTNERSHIP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>19 NEWTOWN TURNPIKE, 2ND FL.</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>WESTPORT</rptOwnerCity>
            <rptOwnerState>CT</rptOwnerState>
            <rptOwnerZipCode>06880</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001103637</rptOwnerCik>
            <rptOwnerName>STEWART MARTHA</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O MARTHA STEWART LIVING OMNIMEDIA INC</rptOwnerStreet1>
            <rptOwnerStreet2>20 WEST 43RD STREET</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10036</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Class B Common Stock, par value $0.01 per share</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F1"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2004-01-09</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F2"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>150115</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F1"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>150115</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>29908860</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Pursuant to the terms of the issuer's Certificate of Incorporation, each share of Class B Common Stock is immediately convertible into one share of Class A Common Stock at the option of the holder thereof or automatically upon certain transfers. The shares do not have an expiration date.</footnote>
        <footnote id="F2">These shares are owned directly by The Martha Stewart Family Limited Partnership, a 10% owner of the issuer, and indirectly by Martha Stewart, as general partner of the partnership. Under an agreement between the partnership and the issuer, the partnership periodically conveys a number of shares of Class B Common Stock to the issuer corresponding, on a net treasury basis, to the number of options exercised under the Company's 1997 Nonqualified Class A LLC Unit/Stock Option Plan during the releva
nt period.  These shares are then canceled by the issuer.  Martha Stewart is a 10% owner of the issuer.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ James Follo, Attorney-in-Fact for Martha Stewart</signatureName>
        <signatureDate>2004-03-26</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ James Follo, Attorney-in-Fact for Martha Stewart Family Limited Partnership</signatureName>
        <signatureDate>2004-03-26</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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