theGrio

Back to the Top

Main menu

Skip to primary content
Skip to secondary content
  • Home
  • Entertainment
    • Music
    • The Dish
  • Health
    • Ask Dr. Ty
    • Black Men’s Health
    • Black Women and Breast Cancer
    • Back to School Health
  • Living
    • Travel and Leisure
    • Living Forward
    • Books
  • Politics
    • Perry on Politics
  • Sports
  • News
    • Good News
  • Opinion

Entertainment

Oprah’s OWN network loses near $330 million

by theGrio | May 7, 2012 at 11:37 AM
Comments
Print
President Barack Obama is seen on stage before delivering the commence address at Barnard College, Monday, May 14, 2012, in New York. (AP Photo/Pablo Martinez Monsivais)

Related Posts

  • Oprah Winfrey and Huffington Post to launch 'HuffPost OWN'
  • Oprah's network, OWN, will be showing Oscar special
  • 'Oprah’s Organics' trademark application reveals mogul's plans for food market
  • Oprah loses millions in ad sales for 'O' magazine
  • A league of her OWN? Why Oprah's cable channel is on the brink

The Huffington Post reported that Oprah Winfrey’s OWN network may have lost nearly $330 million in the media mogul’s struggle to build the fledgling brand. “If I were writing a book about it, I might call the book 101 Mistakes,” Oprah told CBS News in April. The loss is a latest revelation in OWN’s ongoing saga of cancelled shows, staff layoffs and low ratings.

An analyst told the magazine that it was the most “successful failure in television today.”

Oprah loses millions in ad sales for ‘O’ magazine

However, there may be some bright news on the horizon. The Wall Street Journal reported on Monday that ratings for the network have ticked up recently. Part of that is due to “Oprah’s Next Chapter,” the new show that has seen Oprah nab major exclusives, like her sit-down with Whitney Houston’s family. (The success of that show bolsters critics who said that Oprah’s relative absence from OWN during its first year was a major error.)

Moreover, the network will get millions of dollars in new revenues from cable operators.

Click here to read more.

  • rihanna-where-have-you-been.jpg
    Next Story:

    Rihanna’s ‘Where Have You Been’ breaks VEVO record (VIDEO)

  • is-will-smith-merchandizing-his-kids.jpg
    Previous Story:

    Will Smith says he’s teaching son Jaden to be a star

Filed in: Entertainment, Money | Related Topics: Discovery Network, Money, Oprah, Oprah Winfrey, OWN
  • Learn about our User Panel

    Read More
  • New Stories on theGrio

    • Obama pledges help after deadly Okla. tornado Obama pledges help after deadly Okla. tornado
    • First lady: Too many ‘fantasize about being a baller or a rapper’ First lady: Too many ‘fantasize about being a baller or a rapper’
    • White House aides learned of IRS details in April, but didn’t tell Obama White House aides learned of IRS details in April, but didn’t tell Obama
    • Is Floyd Mayweather causing his baby mama drama? Is Floyd Mayweather causing his baby mama drama?
    • ‘X-Factor’ close to signing Kelly Rowland as judge
    • Obama to visit South Africa, Senegal, Tanzania
    • Plaxico Burress launches luxury sock line
    • Beam her up: Gabby Douglas is back in the gym
  • What Your Friends Are Reading

  • More from theGrio

More Stories on theGrio

Top News

Politics

  • Glenn Beck

    Glenn Beck: NAACP ‘a joke’, Tea Partiers like ‘white lynching victims’

  • Black pastor vs. Obama at Morehouse

  • The big irony in the IRS 'scandal'

  • President, first lady address HBCU graduates

» Read More in Politics

Business

  • Tiger Woods

    Tiger Woods makes a comeback on the course, and in video game sales

  • A timeless classic: Top career lessons from ‘The Great Gatsby’

  • Boyz II Men appear in new Old Navy commercial

  • An open letter to PepsiCo on the Mountain Dew ad

» Read More in Business

Living

  • Black anti-abortion advocates

    Black anti-abortion activists see 'houses of horror' everywhere

  • Charmin bear charms autistic boy

  • Candice Glover’s Gullah roots

  • Tamar Braxton addresses bleaching rumors

» Read More in Living

Inspiration

  • Identical twins Kirstie and Kristie Bronner (Photo courtesy of Bronner family)

    Twins named Spelman valedictorians

  • DC Central Kitchen helps people struggling to join workforce

  • Man refuses to let disability hamper ability to teach

  • 'Supermom' dedicates her life to foster kids

» Read More in Inspiration

Entertainment

  • Kanye West

    WATCH: Kanye West performs on SNL

  • WATCH: 'Pacific Rim' official trailer

  • Beyoncé pregancy rumors reach fever pitch

  • Kardashian's high heels take a toll on her swollen feet, ankles

» Read More in Entertainment

News

  • DeCoatsworth

    'Hero' cop who sat beside first lady, facing rape charges

  • Full text: President Obama's Morehouse speech

  • Mourners remember Malcolm X's grandson

  • New Orleans' love affair with guns, in 'black and white'

» Read More in News

Main menu

Skip to primary content
Skip to secondary content
  • Politics
  • Living
  • Video
  • Inspire
  • Health
  • Entertainment
  • News
  • Terms of Service
  • Privacy Policy
  • Advertise with TheGrio
  • About
©2013 NBCUniversal
Powered by WordPress.com VIP