DOWN AND OUT

Martha Stewart was indicted Wednesday by a federal grand jury in New York and resigned as chairwoman and CEO of Martha Stewart Living Omnimedia. TV's unhappy homemaker was charged on nine counts related to her ImClone scandal, including securities fraud, obstruction of justice and making false statements. She and Peter Bacanovic, her former Merrill Lynch stockbroker, plead not guilty to the charges and were released without bail. Hoping to win support from the public, Stewart posted an open letter explaining her situation at MarthaTalks.com and in USA Today. In it she says, "I want you to know that I am innocent — and that I will fight to clear my name."

TV GuideNews June 5, 2003 at 1:00 a.m. PT