Skip to comments.Losses at Oprah Winfrey's OWN reportedly approach $330M
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 ...
Oh no, not Planet Green, my favorite channel.
It must be that global warming turned Planet Green into Planet Brown.
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. . . . .
Couldn't agree more
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.
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.
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.
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.
Oprah is too BIG to fail!
You don’t think it is the O’s money do you. That 330 mil is mainly Discovery channel cash.
Great news! I would have bet on its success.
So glad to hear it.
She worked hard for it with her ‘happy dance’ and jetting the Obama’s around....
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.
Glenn has 300k subscribers and is grossing $40 million annually, according to The Atlantic.
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.
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. . . . .
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?