Oprah Winfrey Network Will Break Even in 2013: Discovery CEO David Zaslav
|
Posted By: How May I Help You NC on May 08, 2012 Posted: 05/08/2012 10:45 am Updated: 05/08/2012 12:20 pm UPDATE: Oprah gave Zaslav a shout-out on Twitter on Tuesday, writing, "I'd like to thank David Zaslav, my partner at Discovery who keeps speaking up for me with his unwavering support of @OWNtv." She also thanked best friend Gayle King for her support. "She knows all the ways she's stood in the gap, been supportive, spoken up for me," Oprah wrote. "Thanks Gayle friend." ORIGINAL STORY: Discovery Communications CEO David Zaslav said that he expects the Oprah Winfrey Network to break even in 2013. He announced the calculation during the company's earnings call on Tuesday, according to Broadcasting & Cable. Discovery co-owns OWN with Oprah. Zaslav said that "we expect to achieve cash-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 whooping financial losses. Bloomberg Businessweek reported that the network may have lost $330 million since its inception in 2008. More: http://www.huffingtonpost.com/2012/05/08/o... If you enjoyed this article, Join HBCU CONNECT today for similar content and opportunities via email! |
 |
How May I Help You NC
Management, See Moss Interactive Bellarmine University class of 2021 Member Since January 2011 |
Comments
More From This Author
Latest News
Popular News
 |
North Carolina HBCU Unity DayShaw University - Elizabeth City State University - Johnson C. Smith University - Fayetteville State University - Livingstone College - North Carolina A&T State University - North Carolina Central Uni ...more
Reginald Culpepper • 104,929 Views • August 8th, 2016 |
