Martha Stewart has announced that she will launch a myspace clone for adult women:

The network would appeal to women aged 25 to 45, and allow members to share photographs, scrapbooks, recipes and similar projects with one another and home design experts, said the company's chief executive, Susan Lyne.

"There is no place like MySpace, like Friendster, for that demographic," Lyne said at a financial conference.

The social network would be part of the Marthastewart.com Web site, founded by lifestyle expert Martha Stewart, rather than a separate Web site like MySpace.

The community is tentatively scheduled to launch in the second half of 2007, spokeswoman Elizabeth Estroff said.

Good luck, Martha.