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Martha Stewart Living Omnimedia Inc.
Susan Lyne Steps Down as AOL Brand Chief to Head Company's New Venture Fund

LOS ANGELES ( - AOL announced that Susan Lyne will relinquish her role as CEO of the company's brand group to lead AOL's newly established BBG Fund focused on early-stage investments in women-led consumer Internet start-ups. "As head of AOL Brands, I had the opportunity to contribute to the growth and profitability of our portfolio of premium brands," Lyne said in a prepared statement. "In my new role, I am looking forward to contributing in a different way." The fund will make investments focused on multiplatform media, services and commerce. Initially, AOL will allocate $10 million for the BBG Fund (which stands for "Built by Girls")....