Is he making money?
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 ...
And GBTV is so far in the red... Oh wait it isn’t...
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.
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.
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.
I see this as karma for foisting Obama on us.
She’s a lib, but I still have to give her credit for trying.
She’s a lib, but I still have to give her credit for trying.
Bailout....Obama owes her.
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.
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.
There are pics of her on this link. She looks terrible! Gained a lot of weight back.
She'll be the Uber Julia.
lol..... allegedly many white followers got disgusted and left after she took that big dive for Obama
Is he making money?
Too big to fail?
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.
Too bad she lost so much weight. She would have been too big to fail.
Good question!
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