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Martha Stewart takes $200K pay cut

10:29 AM, Jul 4, 2013   |    comments
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Dimitrios Kambouris/Getty Images

Martha Stewart is taking a pay cut.

The domestic diva has agreed to a $200,000 decrease in her base salary from here company Martha Stewart Living Omnimedia.

Stewart also has agreed to a $300,000 reduction in her perks package. The company says the cuts are needed in an effort to return to profitability.

CNN

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