Just following the official announcement of its Emeril buy, Martha Stewart Living Omnimedia (NYSE: MSO) reported Q4 revenues of $118.5 million, up 22 percent year-on-year from $97.03 million. Net income more than doubled to $33.3 million ($.63 per share) from $16.2 million ($.31 per share). The biggest contributor to growth was the company’s merchandising revenue, which was up 41.5 percent to $49.8 million. Internet revenue grew 34.3 percent to $7.2 million, or 6 percent of revenue. Some highlights:

SEE ALSO: Updated: Martha Stewart Omnimedia To Buy Emeril’s Media Properties For About $50 Million

—For the first quarter of this year, digital ad revenue is trending up 35 percent.

—Traffic to MSLO sites grew rapidly in the quarter, with December numbers 50 percent higher than the year-ago period.

—Publishing revenue was up 15 percent to $49.4 million, with strong ad growth at Martha Stewart Living.

—Earnings and revenue both came in slightly below guidance. The company’s first quarter outlook of $66.0 to $67.0 million was also a little light, as the company said an uncertain economy made its ability to forecast for the coming year difficult.

Separately, the company announced a 40 percent stake in Rockville, MD-based WeddingWire, a content and commerce platform similar to TheKnot.com (NSDQ: KNOT). Along with the investment, the goal is to connect WeddingWire’s planning functionality into MSLO’s wedding-related content. A deal like this was tipped by CEO Susan Lyne at least year’s UBS Global Media Conference, when she suggested that wedding planning tools would be a logical area for the company to invest in. Terms of the investment were not disclosed.

Earnings release | WeddingWire release | Webcast (10:00 AM ET)