Signature of American television personality, Oprah Winfrey. (Photo credit: Wikipedia) |
Discovery, which staked Winfrey's network launch reportedly to the tune of $300 million, plans to assume a higher profile in operating OWN, announcing the appointment of Neal Kirsch as OWN's CFO/COO. Kirsch has served as Discovery's chief financial officer.
Following the cancellation of ratings-starved Rosie O'Donnell's talk show, OWN has trimmed 30 jobs in a cost-savings move, according to the MediaLife article. Winfrey, who assumed the CEO slot at her nascent cable network last summer, has scored well in the ratings when she has appeared in programming such as "Oprah's Next Chapter."
Winfrey blamed the economics of a cable start-up for having to make the tough business decision to slash personnel. "TUOL" hopes the affected workers didn't have to endure the spectacle of Oprah yelling: "You get a pink slip! You get a pink slip! Everyone gets a pink slip!"
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