The Humble Libertarian

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Monday, May 7, 2012

Losses at Oprah's OWN approach a staggering $330m as industry insiders predict it will be axed within the year

The losses at Oprah Winfrey’s troubled cable channel are approaching a staggering $330 million, according to a report over the weekend. Industry insiders believe the channel - the Oprah Winfrey network (OWN) - will not last another year unless they come up with a hit show and make a dramatic turnaround....Discovery, which partnered with Winfrey to launch the network and has been underwriting its costs, has invested nearly $600 million in it since 2008, according to an extensive report in Businessweek magazine....Although she doesn't risk losing a lot of money from the channel's failings, Oprah's reputation is at stake.
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Judy Morris,
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