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During its earnings call today, Discovery Communications said that it will invest an additional $50 million in OWN: The Oprah Winfrey Network, earmarked to boost the fledgling network’s original programming. The new cash infusion into OWN is on top of the $100 million originally invested in the joint venture between Discovery and Winfrey’s Harpo and the extra $89 million committed last summer. Discovery brass noted that OWN’s viewership in its first month was more than 30% higher than that of its predecessor Discovery Health. (However, OWN recently dropped below Discovery Health in some ratings categories). Discovery Communications president and CEO David Zaslav said he was “very encouraged” by OWN’s outlook and expects ratings to pick up as Winfrey switches to the channel full-time after the end of her syndicated show and with the launch of Rosie O’Donnell’s daily talk show in the fall.
TV Editor Nellie Andreeva - tip her here.
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And why exactly can’t Oprah invest her own personal $2.7 billion fortune in her OWN network?
The same reason Bruckheimer and Spielberg don’t. This is Hollywood, they believe in “OPM.” Other people’s money.
Good question.
it is better economics for all parties involved when you spread the wealth or debt so to speak. and when profits are made more people make them. duh.
Y not somebody start a JOBS program before America tanks. no economy survives without
a manufacturing basis. In just 30 short yrs, the
greed that abolished import quotas has created
the current nightmare economy.
um. i think ur in the wrong forum.
did u live thru the depression? then you don’t even know what close to nightmare is truly like. there is always someone worse off.
hope your nightmare ends soon. the rest of us see such times as opportunity.
All I could do was applaud when I read this post. Really, what would it take to get those that “have” to invest in those that “have not”? It really is simple if you think about it.
An investment in the success of individuals means a successful man or woman, family, community, county, state, and finally, country.
I’m all for it since, as my name tells ya, I’m StillLooking for work after 15 months.
An ounce of practice is worth more than tons of preaching.
– Mahatma Gandhi
i say bravo on all counts. oprah does plenty for people with her own fame and money.
looking forward to a bright OWN future. : -)
WHOOSH! goes the money down the drain. Oprah may have run out of dumb women to exploit.
Tax shelters produce more money as deductions on obscene incomes, ie.Warren,gates,etal.
=GREED.
Making ‘ living wage jobs ‘ programs doesn’t produce enough money for the greedy.
giving back ‘entitled’ and should be again law protected health benefits to employees is a monopolistic drain on fraudulent profiteering from the working class.
Y discovery and oprah use their network
to produce programming to access change.
FORUM????????
what do all your words even mean? why are they here? i don’t think your approach resonates well. instead of educating you’re more confusing. sorry.
good luck though.
I have been an Oprah fan for a long time but I cannot watch OWN. It’s too much of her for me and it comes off as arrogant, preachy and cloying.
Sorry O but you stretched yourself too thin.
If it’s like this before her retirement, what will it be like when she’s not on TV every day?
OWN=Old Womens Network…nothing good. all feel good stuff and bad stuff. Fergie? Shania? The Judds? Lisa Ling go get a real job on a real network please…everything in the pipeline very unimpressed with the presentation at Real Screens was a laugher…They are looking for GREAT stories..who the hell isn’t??…Nancy Dubuc should be running OWN not Christina Norman who has done a flat out piss poor job…..
What the heek kind of shows is any new network going to have; as if the hundreds of channels produce anything now…..no…
Nothing….. It’s just all generic bland banal
minutes to sell advertising ….sell advertising
to a society that has been colonized by product driven foreign economies exploited by the greedy. Yah what ; this is your great opportunity. Uh yah that’s just really great. Just an everyday great opportunity. Uh yah like the former real estate opportunists embezzling by commiting fraud. Exactly what , the 20 percent unemployment the government refuses to say; their credit cards have finally been extinguished thinking ohh any day now they will have a job; this is three yrs later at today. In one year just past a mile square of new office parks in a major city Los Angeles has been shut down , entirely empty. Yah that’s just a great opportunity for everyone.
Seriously? What is Christina Norman doing? What is the executive team doing over there??? Hope that part of the 50 million is to bring on a whole new executive team because a girl scout troop can make better shows.