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Oprah's OWN Network Expects Profit In First Year

Oprah

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.

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Filed by Jack Mirkinson  |