OWN Could Lose $143M, Bankrolling Discovery Channel 'Restless'
In the wake of other recent bad news from OWN (layoffs, the Rosie O'Donnell show cancellation), comes a report from research firm SNL Kagan estimating the network could lose up to $143 million this year.
And Discovery Channel, which has bankrolled most of OWN's costs so far, is "getting restless" after shouldering an estimated $107 million loss last year, writes Daniel Frankel. "Discovery executives haven’t publicly given any indication that they’re about to abandon their investment in OWN, but SNL Kagan predicts the cable media giant will soon approach Harpo [Oprah Winfrey's company] about shouldering more of the channel’s cost going forward."
Frankel also provides a bit of programming analysis for OWN's failure so far, and also discusses coming carriage woes.