Chrysler to End Stewart Ad Contract

DaimlerChrysler’s Chrysler said it won’t extend a one-year advertising agreement with Martha Stewart Living Omnimedia Inc. and will switch to a campaign with singer Celine Dion.

Chrysler’s contract with Martha Stewart ends at the end of March. Steve Lipin, a spokesman for Martha Stewart Living, declined to comment. A Chrysler spokesman said the decision wasn’t related to the investigation of Martha Stewart for her sale of ImClone Systems Inc. stock.

Martha Stewart Living shares fell 5 cents to $10.32 on the NYSE.