OWN Restructuring Results in 30 Pink Slips
The Oprah Winfrey Network (OWN) laid off 30 employees in Los Angeles and New York Monday as the network faces another round of restructuring. This time around, the suits from Discovery Communications are coming in to help oversee operations.
The Los Angeles Times has the details:
The move comes as OWN continues to struggle to find its voice. Launched in January 2011, OWN has already cost Discovery more than $300 million. The channel’s performance has been so weak that there has even been speculation, denied by insiders at the network’s parent companies, that if the situation doesn’t improve soon the plug could be pulled.
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