Monday, July 26, 2021

ANALYST SAYS FAILURE OF OWN COULD COST DISCOVERY $143 MILLION

March 22, 2012 by · Leave a Comment 

Unless it can engineer a massive turnaround of Oprah Winfrey’s OWN cable network, Discovery Communications could end the year reporting a $142.9-million loss, according to SNL Kagan analyst Derek Baine. Clearly Baine believes such a turnaround is unlikely and that Discovery will likely be forced to cut the license fee it charges cable operators to […]