Oprah’s very OWN empire is beginning to show signs of crumbling. Or, from the opposite point of view, is seeking stability. Either way, it’s not the best of times for the company.
The network laid off 30 employees as part of restructuring its operations in both Los Angeles and New York. Those still hanging on will pick up the slack.
“It is difficult to make tough business decisions that affect people’s lives,” said Oprah Winfrey, OWN’s CEO and chief creative officer, “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.
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