Martha Stewart to Launch Book Club

07/18/2002 at 12:10 PM EDT

Martha Stewart is opening a new chapter in her life. This fall, the domestic diva, 61, plans to launch "Martha's Favorite Books," a weekly author segment on her syndicated daytime show, "Martha Stewart Living," reports The New York Observer. Stewart is entering a crowded field. Both the "Today" show and "Live with Regis and Kelly" announced book-club segments after Oprah Winfrey decided to discontinue her wildly popular "Oprah's Book Club" last spring. "Martha has always been a supporter of authors throughout the nine seasons of 'Martha Stewart Living,' " a spokesperson told the paper. "For the tenth season, we will incorporate a regular weekly segment, which will feature authors of a wide variety of books." In another development, the Observer reports that Stewart's regular weekly cooking feature on CBS's "Early Show" has been suspended indefinitely following an uncomfortable interview on June 25 when Stewart was asked questions about selling her ImClone stock while she was chopping cabbage for a salad. "We're monitoring the story and watching the news developments, as she is, of course," CBS "Early Show" executive producer Michael Bass told the paper. "It's a wait-and-see approach to see what's happening." Stewart is under federal scrutiny for selling nearly 4,000 shares of ImClone stock the day before its value plunged on news that the Food and Drug Administration rejected its new cancer drug.

Check out PEOPLE's story on Martha Stewart's legal woes, featuring a mini photo gallery.

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