She must be taking advice from Obama.
Via Wall Street Journal:
Losses will mount at Oprah Winfrey’s new cable channel for a “period of time,” as Discovery Communications Inc. keeps investing in the venture, Discovery’s chief executive told investors Wednesday.
The new channel, known as OWN: The Oprah Winfrey Network, is jointly owned by Discovery and Ms. Winfrey’s Harpo Inc. It has had a rocky start since launching last year, with lackluster ratings and management turnover. Ms. Winfrey took over as chief executive of OWN over the summer to help get programming on track, and plans to host a new prime-time interview show dubbed “Oprah’s Next Chapter” beginning in January.
“The losses will increase for a period of time, and the funding will increase for a period of time,” Discovery CEO David Zaslav said at an investor conference organized by UBS AG. Discovery has spent $254 million funding OWN through Sept. 30, according to securities filings.