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Oprah's OWN Network Expects Profit In First Year


First Posted: 01/05/11 08:14 AM ET Updated: 05/25/11 07:25 PM ET

The Oprah Winfrey Network is expected to turn a profit in its first year, the New York Times reports. That's about a year before previous forecasts predicted.

According to the Times' Brian Stelter, Brad Singer, the chief financial officer at OWN's parent company Discovery Communications, told anon Tuesday that a profit is forecast in 2011 "because of ad acceptance and good performance."

Discovery had previously told analysts not to expect OWN to make money by 2012 or 2013.


Filed by Jack Mirkinson  |