Last week the joint venture with Oprah Winfrey cancelled Rosie O'Donnell's talk show and fired about 30 employees. Baine says he "would not be surprised to see Discovery ask Oprah Winfrey's Harpo Productions to finance some of the network's losses going forward. Discovery has already funded well-beyond its $189 million commitment and they may want Harpo Productions to have more skin in the game." Baine's estimate of OWN's $142.9M operating loss this year is up 33.6% from the $107M loss that SNL Kagan figured for OWN in 2011.
Two issues, here: firstly, Oprah's venture does not seem to be working. Secondly, why should anyone care if she's an "Obama booster" or not?