Martha Stewart Takes A Pay Cut

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(New York, NY) Martha Stewart will have a little less dough to spend this Fourth of July.

That’s because the celebrity chef and cooking guru is taking a pay cut.

Stewart agreed to a $200,000 decrease in her base salary from her company, Martha Stewart Living Omnimedia.

The move reduces her pay to $1.8 million a year.

The company is making the cuts in an attempt to return to profitability.