admincash-flow breakeven in the second half of 2013”, and that the company anticipates that funding for OWN in 2012 will be less than in 2011.
His assessment comes after recent reports of OWN’s whopping financial losses. Bloomberg Businessweek reported that the network may have lost US$330 million since its inception in 2008.
However, OWN has gotten good news recently.
Oprah’s Next Chapter, which features the daytime queen interviewing newsmakers outside of the studio, delivered record ratings for the network after debuting in January.
The show has also landed major exclusive interviews, including Oprah’s sit-down with Whitney Houston’s daughter.
Indeed, Zaslav touted the network’s recent uptick in ratings last Tuesday.
He cited Oprah’s growing appearances on the channel, the cancellation of poorly performing shows and new cable distribution agreements as reasons “we remain confident in the growth potential of this network”. — Huffington Post.
Online Reporter