Oprah Winfrey's Network Approaches $330M Loss
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Oprah Winfrey is facing a steep uphill battle with her OWN television network, which has been struggling to stay afloat since its inception in 2008.
The famed talkshow host isn't oblivious to the surrounding problems, as she went on CBS News in April to say, "If I were writing a book about it, I might call the book '101 Mistakes.'"
Bloomberg Businessweek reported that OWN had lost a whopping $330 million since its start, and was labeled the most "successful failure in television today."
While the network is named after the star, Oprah doesn't have a personal financial stake in the company, but she is adamant about seeing ratings go up, which they have. Since the debut of "Oprah's Next Chapter," which nabbed an exclusive interview with Whitney Houston's family following her death, the network has seen a spike in ratings.
Throughout the process Oprah has stressed that she's in it for the long run, even revealing that it might be late 2013 until OWN "finds a vein."
Source: Huffington Post
