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Discovery CEO: OWN on Track to Reach Profitability in Back Half of 2013

Oprah Winfrey

OWN, the cable network joint venture of Oprah Winfrey and Discovery Communications, "remains on track" to reach profitability in the back-half of 2013, Discovery CEO David Zaslav said Tuesday. Previously, the company had promised that the network would reach cash flow break-even some time during the second half of next year and then post profits.

 

Discovery CEO Calls Netflix Pact a 'Win'

David Zaslav, CEO of Discovery Communications, called his company's licensing pact with Netflix an 'economic win' and also said there's a disconnect between the strong advertising market and the overall economic malaise.

 

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