So it begins…OWN laid off 30 employees or 20% of it’s workforce in Los Angeles and New York. Oprah said, “It is difficult to make tough business decisions that affect people’s lives, but the economics of a start-up cable network just don’t work with the cost structure that was in place. 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.”
I never like to hear about anyone losing their job–that’s tough, but I have to say I’m not shocked to read this news. How much longer will OWN last? I give it until the end of the year, if that.
What a flop! I can’t believe that Oprah thought-if she would build it, they would come. It’s not Field of Dreams, Big O…it’s cable television.