Oprah’s Network Gets a $50 Million Boost

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(Eurweb) — Discovery Communications on Friday said it will invest an additional $50 million in OWN: The Oprah Winfrey Network this year, particularly in programming, which it said will mean the company will break even on the channel this year instead of turning a profit as it had previously predicted.  According to the Hollywood Reporter, President and CEO David Zaslav said on an earnings conference call that Discovery expects to increase funding to help drive the network, a joint venture with Oprah Winfrey, to longer-term profitability and growth with stronger content.  CFO Brad Singer said Discovery invested an additional $46 million in OWN in the fourth quarter and expects to spend an incremental $50 million on added funding this year beyond its original $189 million commitment to the network. Programming investments will be the focus.

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