Oprah Winfrey's | Losses at Oprah Winfrey's OWN reportedly approach $330M

Best Fashion - Sitaresmi: Oprah Winfrey's | Losses at Oprah Winfrey's OWN reportedly approach $330M. And currently trade insiders are predicting that the Oprah Winfrey Network (OWN) won't be able to survive another year if it doesn't realize successful show and build a dramatic turnaround. The losses at Oprah Winfrey's stumbling cable channel are approaching a staggering $330 million, per a report.

Discovery, that partnered 50-50 with Winfrey to launch the network and has been underwriting its prices, has invested nearly $600 million in it since 2008, per a report in Businessweek magazine over the weekend.

But since it started on the air in January 2011, "OWN could have lost the maximum amount as $330 million," it reported. The magazine quotes one Wall Street media analyst calling the channel the foremost "successful failure in tv nowadays." David Zaslav, Discovery Communications' CEO who talked Winfrey into the concept of OWN, is famously impatient with money-losing operations at intervals his company.

He closed a channel Discovery operated with The the big apple Times in 2008 and killed Planet inexperienced, an eco channel, simply last month. "I very cannot see Zaslav losing this sort of cash for for much longer," one longtime business associate said last week.

Though Winfrey herself has comparatively very little cash invested within the channel, her image because the most successful TV star of her generation is on the road. Emails to have and Oprah's production company, Harpo, weren't came back Sunday.