Oprah's OWN network has posted $330 million in losses and faces imminent demise, according to rumors floating around by industry insiders.
The troubled cable channel has struggled to reel in viewers, notching an average of 308,000 daily.
Discovery, which partnered with Winfrey 50/50 to launch the network and has been underwriting its costs, has invested nearly $600 million in it since 2008, according to an extensive report in Businessweek magazine.
The Wall Street Journal has dubbed the network the most "successful failure in television today."
CEO of Discovery Communications, David Zaslav, who urged Oprah to do the network, is notoriously impatient with money making schemes said an insider to Businessweek:
"I really can't see Zaslav losing this kind of money for much longer."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.