OWN Will Not Turn Profit This Year!

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.]