Tuesday, 8. May 2012

Losses at Oprah's OWN approach a staggering $330m as industry insiders predict it will be axed within the year

The losses at Oprah Winfrey’s troubled cable channel are approaching a staggering $330 million, according to a report over the weekend.

Industry insiders believe the channel - the Oprah Winfrey network (OWN) - will not last another year unless they come up with a hit show and make a dramatic turnaround.

Though ratings have seen a slight insurgence thanks to interview program Oprah's Next Chapter, it has stumbled since the get go with ratings of just 308,000 daily.

dailymail.co.uk

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