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Tuesday, March 20, 2012

Oprah Network Layoffs: OWN Lays Off 30 Employees, Aims to Restructure

LOS ANGELES (AP) - Oprah Winfrey's struggling television network, OWN, said Monday it is laying off one-fifth of its workers and restructuring its operations in New York and Los Angeles.

The decision to let 30 employees go is a "tough" one, but the economics of a start-up cable network didn't fit with OWN's cost structure, Winfrey said in a statement.

"As CEO, I have a responsibility to chart the course for long-term success for the network. To wholly achieve that long-term success, this was a necessary next step," Winfrey said.

The responsibilities of the laid-off workers will be distributed among people with the network and its venture partners, Discovery Communications and Winfrey's Harpo Studios, according to OWN.

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8 comments:

Anonymous said...

Hopefully the beginning of the collapse of another liberal empire. On second thought, I'm sure the regime will bail her out if it gets too bad.

Anonymous said...

Who wants to watch shows about fat people?

Anonymous said...

sad when one wishes ill will on someone just because they disagree politically. Guess you guys aren't so pro business after all.

Anonymous said...

Anon 11:58 - thank you, no need to repeat.

Anonymous said...

Was one of my favorite channels before she took it over. Now it sucks.

Anonymous said...

Obama supporter YUK!

Anonymous said...

But the economy really is getting better,trust me.She should take a page out of barry o's book and spend her way out of it.It's kinda funny when it's time to spend less money when it's her money being lost and not our tax dollars.

lmclain said...

Poor Oprah..down to her last 7 billion dollars and just can't afford to employ those thirty people. If so, she'd probably have to give up buying another house on the coast of Hawaii. If each one of those thirty people made $60,000 a year, that 1.8 million in wages a year. She can't do THAT, but CAN give a car to everyone in her studio audience. And they didn't work for her or produce a single thing to help her business. Sounds like she's a Republican now.