Network Failing In Ratings And Revenues
Talk show host Oprah Winfrey is struggling with very poor ratings at her OWN network, which is expected to lose "$143,000,000" this year. According to a Bloomberg report, the network is suffering from "miniscule" ratings, even though it has received "$312,000,000" in funding from parent company Discovery.
The network has not connected with the public and the majority of its shows are failing. Winfrey left prime time television to focus on the cable network, but it has not been her strong suit and is a costly venture. Recently, Winfrey axed the awful Rosie O'Donnell show, which received very low viewing numbers and laid off 30 people, including the company's Chief Financial Officer.