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OWN Will Not Turn Profit This Year!

| Filed under: TV NewsOprah Winfrey

the O's New Network Isn't Turning Profit In 2011

First the birds and the fish, now Oprah's powers are dying!

Oprah Winfrey Network's partner, Discovery Communications, announced the network will break even this year instead of turning a profit.

The company wants to spend more on programming to fuel longer-term growth.

Apparently the network needs $50 million of help.

CFO Brad Singer said Discovery invested an additional $46 million in OWN and expects to spend an incremental $50 million on added funding beyond its original $189 million commitment to the network.

Singer had previously said the network would turn a profit this year.

We have a hunch the O can take the financial hit.

[Image via Matrix Photos.]

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4 comments to “OWN Will Not Turn Profit This Year!”



  1. 1

    bloodhound gang, ,,,consider yourselves……….Born!



  2. 2

    very nice job ARIZONA, no fortune 500 grapeade turned a profit in its first year



  3. 3

    hmmmmmmmmmmm,why doesn,t boston carry the own channel.do they know something……….i can,t get it or is it a pay channel



  4. 4

    With as much money as they are paying her and the viewership ratings low (OWN) Discovery might find itself in trouble…