Around the Net
Discovery CEO: OWN Will Break Even Without Having To Meet All Goals
- Deadline.com, Wednesday, December 5, 2012 3:38 PM
Oprah Winfrey's OWN network, partly owned by Discovery, "will break even in the second half of 2013" even if it misses its distribution goal of 85 million homes, according to David Zaslav, Discovery's CEO, writes David Lieberman. "The ratings growth has been fantastic,” Zaslav said. He also noted that Discovery would wait to sell streaming rights to its content: “Until it’s measured and until we get fair value from the distributors, we’re going to stay pat."
From the headline I'm assuming one of those goals is to actually make a profit.