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Own Channel Flashes Black Instead Of Red Ink

Oprah Winfrey's OWN network is finally turning a profit "six months ahead of schedule, according to David Zaslav, CEO of Discovery Communications, half-owner of Winfrey’s young enterprise," writes Claire Atkinson. Zaslav reported a 30% increase in revenue and "solid gains in profits," according to Atkinson. "The move from red ink to profit was accomplished with additional upfront spending by advertisers and commitments from distribution companies that carry the channel."

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