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Losses at Oprah Winfrey's OWN reportedly approach $330M
foxnews.com ^ | 5/7/12

Posted on 05/07/2012 10:15:18 AM PDT by Justaham

The losses at Oprah Winfrey's stumbling cable channel are approaching a staggering $330 million, according to a report.

And now industry insiders are predicting that the Oprah Winfrey Network (OWN) will not be able to survive another year if it does not find a hit show and make a dramatic turnaround.

Discovery, which partnered 50-50 with Winfrey to launch the network and has been underwriting its costs, has invested nearly $600 million in it since 2008, according to a report in Businessweek magazine over the weekend.

But since it started on the air in January 2011, "OWN may have lost as much as $330 million," it reported.

The magazine quotes one Wall Street media analyst calling the channel the most "successful failure in television today."

David Zaslav, Discovery Communications' CEO who talked Winfrey into the idea of OWN, is famously impatient with money-losing operations within his company.

(Excerpt) Read more at foxnews.com ...


TOPICS: News/Current Events
KEYWORDS: billionaire; oprahwinfrey; own
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1 posted on 05/07/2012 10:15:24 AM PDT by Justaham
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To: Justaham

And GBTV is so far in the red... Oh wait it isn’t...


2 posted on 05/07/2012 10:18:21 AM PDT by GraceG
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To: Justaham

This just could not happen to a more deserving group of man haters, whitey haters, American haters, and downright communists.

It’s good to hear some great news from time to time.


3 posted on 05/07/2012 10:19:20 AM PDT by DH (Once the tainted finger of government touches anything the rot begins)
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To: Justaham
What's with this fixation with the balance sheet? Isn't how you feel about the network the only thing that matters?
4 posted on 05/07/2012 10:20:23 AM PDT by USFRIENDINVICTORIA
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To: Justaham

Discovery needs to cut its losses. They need to save the cash they’re losing to OWN and use it for their, no pun intended, own shows. jump ship now before OWN’s vortex sucks you down with it.


5 posted on 05/07/2012 10:20:56 AM PDT by NCC-1701 (In Memphis on January 20, 2009, pump price were $1.49. We all know what happened after that.)
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To: Justaham

Oprah Winfrey, gets the under bus treatment from her beloved Obama. The woman is certainly not the sharpest knife in the drawer. If she had any brains at all, she would avioded the curse of Obama like a bad habit. These foolish celebrities never learn!!! Let’s see if Obama bails her out.


6 posted on 05/07/2012 10:20:56 AM PDT by JLAGRAYFOX (My only objective is defeat and destroy Obama & his Democrat Party, politically!!!)
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To: Justaham
I thought Oprah could do no wrong?

I see this as karma for foisting Obama on us.

7 posted on 05/07/2012 10:21:05 AM PDT by CaptainK (...please make it stop. Shake a can of pennies at it.)
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To: Justaham

She’s a lib, but I still have to give her credit for trying.


8 posted on 05/07/2012 10:21:24 AM PDT by Vince Ferrer
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To: Justaham

She’s a lib, but I still have to give her credit for trying.


9 posted on 05/07/2012 10:21:37 AM PDT by Vince Ferrer
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To: Justaham

Bailout....Obama owes her.


10 posted on 05/07/2012 10:21:47 AM PDT by liberalh8ter (If Barack has a memory like a steel trap, why can't he remember what the Constitution says?)
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To: Justaham

Can’t imagine why America wouldn’t be absolutely on fire for Dr. Phil re-runs, and repeats of Grade C movies that have been on TV for decades.


11 posted on 05/07/2012 10:22:50 AM PDT by cincinnati65 (Romney is not MY candidate for President in 2012.)
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To: Justaham

This $330M loss is not even a glimmer reflecting the loss Oprah’s political activism has cost this nation. It would be poetic justice to have these financial and credibility losses extend beyond “OWN” and deep into her personal financial/credibility wealth equal to that imposed upon this nation.


12 posted on 05/07/2012 10:22:50 AM PDT by wtd
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To: Justaham

There are pics of her on this link. She looks terrible! Gained a lot of weight back.

http://www.dailymail.co.uk/news/article-2140773/Oprahs-OWN-network-Losses-approach-330m-amid-predictions-axed-year.html


13 posted on 05/07/2012 10:25:44 AM PDT by RushIsMyTeddyBear (A MUST WATCH: http://www.youtube.com/watch?feature=player_embedded&v=KeOLurcQaqI)
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To: liberalh8ter
Bailout....Obama owes her.

She'll be the Uber Julia.

14 posted on 05/07/2012 10:27:35 AM PDT by tacticalogic ("Oh, bother!" said Pooh, as he chambered his last round.)
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To: Justaham

lol..... allegedly many white followers got disgusted and left after she took that big dive for Obama


15 posted on 05/07/2012 10:28:20 AM PDT by dennisw
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To: GraceG
I am very curious, how is Beck doing with his online TV venture? From what I've seen it is not nearly as much fun as his Fox gig.

Is he making money?


16 posted on 05/07/2012 10:29:20 AM PDT by nathanbedford ("Attack, repeat, attack!" Bull Halsey)
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To: Justaham

Too big to fail?


17 posted on 05/07/2012 10:32:23 AM PDT by Freestate316
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To: Justaham
Though Winfrey herself has relatively little money invested in the channel, her image as the most successful TV star of her generation is on the line.

Funny thing about these 'redistributionists'. They can always spot when someone else needs their money confiscated, but they hold on to their own money tighter than a stripe on a watermelon.

18 posted on 05/07/2012 10:34:12 AM PDT by LucianOfSamasota (Tanstaafl - its not just for breakfast anymore...)
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To: liberalh8ter

Too bad she lost so much weight. She would have been too big to fail.


19 posted on 05/07/2012 10:36:51 AM PDT by ImJustAnotherOkie (zerogottago)
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To: nathanbedford

Good question!


20 posted on 05/07/2012 10:37:07 AM PDT by Anti-Bubba182
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To: Justaham
He closed a channel Discovery operated with The New York Times in 2008 and killed Planet Green, an eco channel, just last month.

Oh no, not Planet Green, my favorite channel.

It must be that global warming turned Planet Green into Planet Brown.

21 posted on 05/07/2012 10:38:06 AM PDT by USS Alaska (Nuke the terrorist savages, start today.)
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To: Freestate316
" Too big to fail?"
*chuckle/snicker*
before or after the diet...O'Bozo. :-D
insensitive...I don't care.

22 posted on 05/07/2012 10:43:57 AM PDT by skinkinthegrass (WA. DC E$tabli$hment; DNC/RNC/Unionists...old Brazilian saying: "$@me $hit; different flie$". :^)
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To: Justaham

What’s her net worth right now? I’m thinking that she still has another $700 million to burn!


23 posted on 05/07/2012 10:45:30 AM PDT by Jack Hydrazine (It's the end of the world as we know it and I feel fine!)
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To: Jack Hydrazine
"What’s her net worth right now? I’m thinking that she still has another $700 million to burn!"

Give it another year, she will be down to seeds and stems. . .
Then we can really party. . . . .

24 posted on 05/07/2012 10:50:59 AM PDT by DeaconRed (My vote in Nov will be dictated by my extreme hatred for ZERO and what he is doing to our country.)
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To: DH
This just could not happen to a more deserving group of man haters, whitey haters, American haters, and downright communists. It’s good to hear some great news from time to time.

Couldn't agree more

25 posted on 05/07/2012 10:53:54 AM PDT by Digger (If RINO is your selection then failure is your election)
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To: Justaham

Oprah had her times of wild success but those years are behind her now. Any success going foward will be on a much smaller scale now. She was much more successful under the white presidents vs. The Zer0 becomes The One. Hope she likes the Change.


26 posted on 05/07/2012 10:56:48 AM PDT by tflabo (Truth or tyranny)
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To: Jack Hydrazine

Reminds me of the scene in “Citizen Kane” where somone tells Kane he’s loosing 100s of thousands/year on his paper.

He smiles and says, at that rate I’ll be out of business in 150 years.

I’m sure O is using OPM for this deal.


27 posted on 05/07/2012 10:56:57 AM PDT by DManA
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To: USS Alaska
OWN was originally DiscoveryHealth, iirc.

And what the heck does a "successful failure in television today" mean? The analyst must be kissing Oprah's tuckus, because Apollo XIII it ain't.

28 posted on 05/07/2012 10:57:24 AM PDT by Calvin Locke
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To: JLAGRAYFOX

It’s OK to hobnob with the entertainment types to get elected. But you should avoid them like the plague if you reach office. Clinton’s association with Thomasson gave us the infamous “I did not have sex” sound bite.


29 posted on 05/07/2012 10:57:54 AM PDT by AppyPappy (If you really want to annoy someone, point out something obvious that they are trying hard to ignore)
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To: liberalh8ter
"Bailout....Obama owes her."

Oprah is too BIG to fail!

30 posted on 05/07/2012 11:03:06 AM PDT by libs_kma (When I see anyone with an Obama 2012 bumper sticker, I recognize them as a threat to the gene pool)
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To: Jack Hydrazine; DeaconRed

You don’t think it is the O’s money do you. That 330 mil is mainly Discovery channel cash.


31 posted on 05/07/2012 11:08:17 AM PDT by RightOnTheBorder
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To: Justaham

Great news! I would have bet on its success.


32 posted on 05/07/2012 11:08:32 AM PDT by St_Thomas_Aquinas (Viva Christo Rey!)
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To: Justaham

So glad to hear it.

She worked hard for it with her ‘happy dance’ and jetting the Obama’s around....


33 posted on 05/07/2012 11:10:04 AM PDT by Freddd (No PA Engineers)
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To: RightOnTheBorder
True but I think there was a burn rate where Oprah was going to have to kick in her money. I they used up the Discovery Channel cash a while back.
34 posted on 05/07/2012 11:13:28 AM PDT by Hillarys Gate Cult (Liberals make unrealistic demands on reality and reality doesn't oblige them.)
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To: wtd

What “Oprah’s political activism has cost this nation” is a drop in the bucket compared to that of the broadcast networks.

CBS nearly threw a presidential election with those forged memos. CEO Les Moonves should have been fired and brought up before Congress. The news department should have been gutted. In fact, the FCC should have yanked CBS’ license to broadcast on the public airwaves for a least a year.

Oh, but Dan Rather gets to “retire.” Okay. Justice has been served.

And yet Oprah’s network reaches (on its best day) 300,000 people. Most days its about 180,000.

I think FReepers are directing their vitriol at the wrong target.


35 posted on 05/07/2012 11:16:07 AM PDT by Blue Ink
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To: nathanbedford

Glenn has 300k subscribers and is grossing $40 million annually, according to The Atlantic.

http://m.theatlantic.com/politics/archive/2012/04/behind-the-paywall-at-glenn-becks-confounding-web-tv-network/256328/

Pretty impressive.


36 posted on 05/07/2012 11:18:09 AM PDT by St_Thomas_Aquinas (Viva Christo Rey!)
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To: St_Thomas_Aquinas

OWN. What exactly does this mean. Is she so insecure she is trying to act like she owns white slaves or something. She voted for obama because he is black. She will go down the tubes right along with obama and the socialist/communist democrat frauds who fraudulently elected this ineligible candidate.


37 posted on 05/07/2012 11:29:38 AM PDT by spawn44
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To: RightOnTheBorder
"You don’t think it is the O’s money do you. That 330 mil is mainly Discovery channel cash."

Yep but she is going through it like dodo through a goose.
They can't be happy and will pull the plug real soon.
I am still planning a party. I already bought the root beer. . . . .

38 posted on 05/07/2012 11:30:12 AM PDT by DeaconRed (My vote in Nov will be dictated by my extreme hatred for ZERO and what he is doing to our country.)
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To: tflabo
Oprah had her times of wild success but those years are behind her now. Any success going foward will be on a much smaller scale now. She was much more successful under the white presidents vs. The Zer0 becomes The One. Hope she likes the Change.

I guess most of Oprah's 'dreams' for America have come true. What useful purpose does she serve when those dreams become a nightmare for many, many Americans?

39 posted on 05/07/2012 11:36:54 AM PDT by Tallguy (It's all 'Fun and Games' until somebody loses an eye!)
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To: Justaham
poor Harpo...
40 posted on 05/07/2012 11:56:47 AM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: Justaham

Dammit, this story would have to break on the day my 3” long violin is in the shop for repairs.


41 posted on 05/07/2012 12:08:59 PM PDT by Notary Sojac (Ut veniant omnes)
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To: DH

Even if something looks interesting I don’t watch it because it is one small way I can make a statement and if Ms. O is low on funds she can’t funnel them to causes that I hate.


42 posted on 05/07/2012 12:21:40 PM PDT by tiki
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To: GraceG
And GBTV is so far in the red... Oh wait it isn’t...

LOL! I have moments like that where I hear some "news" on the radio and I think, "isn't that an old news story"? Then I remember, I know this stuff because I have been listening to the "crazy guy with the chalkboards".

43 posted on 05/07/2012 12:22:51 PM PDT by LibertarianLiz
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To: NCC-1701
Discovery needs to cut its losses. They need to save the cash they’re losing to OWN and use it for their, no pun intended, own shows. jump ship now before OWN’s vortex sucks you down with it.

If the History Channel does not renew Top Shot for next season, Discovery needs to pick it up and also bring back Jericho and Firefly.

44 posted on 05/07/2012 12:29:40 PM PDT by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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To: ImJustAnotherOkie

Just wait 6 months, she’ll be too big again : )


45 posted on 05/07/2012 12:30:19 PM PDT by liberalh8ter (If Barack has a memory like a steel trap, why can't he remember what the Constitution says?)
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To: libs_kma

Well played ; D


46 posted on 05/07/2012 12:31:25 PM PDT by liberalh8ter (If Barack has a memory like a steel trap, why can't he remember what the Constitution says?)
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To: tacticalogic

I really wonder if he’ll start dragging Okra out to campaign stops. If she isn’t there by his side, it will look as though she’s not supporting him. That could be bad for him.


47 posted on 05/07/2012 12:33:38 PM PDT by liberalh8ter (If Barack has a memory like a steel trap, why can't he remember what the Constitution says?)
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To: spawn44

Oprah Winfrey Network


48 posted on 05/07/2012 12:33:50 PM PDT by John W (Viva Cristo Rey!)
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To: CaptainK

Pretty much everything that Baraq has been associated with has gone in the dumper.

His batting average is phenomenal.


49 posted on 05/07/2012 12:35:22 PM PDT by nascarnation
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To: Justaham
Does this mean she has to sell her mansion in the Bahamas?


View Larger Map

-PJ

50 posted on 05/07/2012 12:46:14 PM PDT by Political Junkie Too (If you can vote for President, then your children can run for President.)
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