Click to Skip Ad
Closing in...
Exclusive: Octavia Butler's 'Dawn' Being Developed for TV, Producer Talks Adaptation and Diversity Behind the Scenes Exclusive: Octavia Butler's 'Dawn' Being Developed for TV, Producer Talks Adaptation and Diversity Behind the Scenes Watch Preview of 'Being Mary Jane' Season 3. Premiere Date Set + Loretta Devine and Jill Scott Join Cast Watch Preview of 'Being Mary Jane' Season 3. Premiere Date Set + Loretta Devine and Jill Scott Join Cast Here's Idris Elba's Response to Commentary That He's "Too Street" to Play James Bond Here's Idris Elba's Response to Commentary That He's "Too Street" to Play James Bond Tina Mabry's 'Mississippi Damned' Is Now Streaming on Netflix, Courtesy of AFFRM + Array Tina Mabry's 'Mississippi Damned' Is Now Streaming on Netflix, Courtesy of AFFRM + Array Carl Franklin Is Casting an Actor for His Tupac Bio (No Marcc Rose from 'Straight Outta Compton'?) Carl Franklin Is Casting an Actor for His Tupac Bio (No Marcc Rose from 'Straight Outta Compton'?) 'Dope' Is Heading Back to Theaters for a Second Run (Awards Season Contention, Perhaps?) 'Dope' Is Heading Back to Theaters for a Second Run (Awards Season Contention, Perhaps?) BET Launches Original Series “THE BET LIFE OF…” - Will Look at Musical Careers of Beyonce, Chris Brown, Janet Jackson, Nicki Minaj & Trey Songz BET Launches Original Series “THE BET LIFE OF…” - Will Look at Musical Careers of Beyonce, Chris Brown, Janet Jackson, Nicki Minaj & Trey Songz Trailer for Season 2 of 'Z Nation' (Kellita Smith Is Fierce on the Show!) Trailer for Season 2 of 'Z Nation' (Kellita Smith Is Fierce on the Show!) Will Smith Puts on His "Nigerian Accent" in First Trailer for NFL Drama 'Concussion' Will Smith Puts on His "Nigerian Accent" in First Trailer for NFL Drama 'Concussion' This "Faith-Based" Drama Is Giving 'Straight Outta Compton' a Run for Its Money This Weekend... This "Faith-Based" Drama Is Giving 'Straight Outta Compton' a Run for Its Money This Weekend... Lee Daniels' Richard Pryor Biopic Is Officially Ready to Go (Mike Epps, Eddie Murphy, Oprah Winfrey, Kate Hudson) Lee Daniels' Richard Pryor Biopic Is Officially Ready to Go (Mike Epps, Eddie Murphy, Oprah Winfrey, Kate Hudson) Watch 5 Clips from Regina King's Feature Directorial Debut 'Let The Church Say Amen' Starring Naturi Naughton Watch 5 Clips from Regina King's Feature Directorial Debut 'Let The Church Say Amen' Starring Naturi Naughton Righting a Past Wrong? Academy to Present Spike Lee with Honorary Oscar Righting a Past Wrong? Academy to Present Spike Lee with Honorary Oscar African-American Female Team Produce Indie Horror Film ‘The Dark Rite’ African-American Female Team Produce Indie Horror Film ‘The Dark Rite’ Viola Davis Says She Will Star in a Film Adaptation of 'Fences' Directed by Denzel Washington Viola Davis Says She Will Star in a Film Adaptation of 'Fences' Directed by Denzel Washington "This Is a Relationship" - Watch Michael Ealy Frighten Sanaa Lathan in Tense First Clip From 'The Perfect Guy' "This Is a Relationship" - Watch Michael Ealy Frighten Sanaa Lathan in Tense First Clip From 'The Perfect Guy' Vin Diesel Says He's Returning for a 'xXx' Threequel - Filming to Start in December Vin Diesel Says He's Returning for a 'xXx' Threequel - Filming to Start in December Why Was Janet Hubert (Aunt Viv) Really Replaced on 'Fresh Prince of Bel-Air'? Buzzfeed Investigates Why Was Janet Hubert (Aunt Viv) Really Replaced on 'Fresh Prince of Bel-Air'? Buzzfeed Investigates Netflix Explains Why It Doesn't Always Have That Film Or TV Show You Really Want To See (Video) Netflix Explains Why It Doesn't Always Have That Film Or TV Show You Really Want To See (Video) Tichina Arnold Says She Talked To Martin Lawrence About Doing A 'Martin' Movie... Tichina Arnold Says She Talked To Martin Lawrence About Doing A 'Martin' Movie...

Discovery Communications Denies Reports It May Dump OWN

Shadow and Act By Sergio | Shadow and Act March 23, 2012 at 8:38AM

Eariler this week in USA Today, Fox Business and some other media sources were reporting that analyst Derek Baine of the research and investment firm SNL Lagan that Discovery Communications was reeling from a $143 million loss due to the sluggish performance of the Oprah Winfrey Network and suggested that it was possible that DC could dump OWN entirely.
3
Discovery Communications

Eariler this week in USA Today, Fox Business and some other media sources were reporting that analyst Derek Baine of the research and investment firm SNL Lagan that Discovery Communications was reeling from a $143 million loss due to the sluggish performance of the Oprah Winfrey Network and suggested that it was possible that DC could dump OWN entirely.

Baine added that DC has invested so far $312 million in OWN and "that advertisers may tire of playing the waiting game for shows to catch an audience" and that "without a significant ratings boost by year's end this could be Oprah Winfrey's last chapter in the cable network industry".

However Discovery Communications has fired back saying that Baine's report is "riddled with inaccuracies and bad information". They also said that "the venture is on more solid ground with more momentum than ever before and we're looking to the long-term value we are bulding'"

Given all the money and media hype it's very unlikely at this time that Discovery Communications will dump OWN, but no doubt Oprah must be under tremendous pressure to get the network on more soild ground ratings wise.


Shadow & ActNewsletter