Discovery Chief Says OWN Will Break Even In 2013
Posted on Tue May 8, 2012 10:10 AM PDT

OWinfreyGala050310_03_200.jpgLOS ANGELES, California (x17online) - After experiencing financial losses earlier this year, Discovery Communications CEO David Zaslav has said that he expects Oprah Winfrey's network OWN to break even in 2013.

Zaslav announced his estimation during his company's first-quarter earnings conference call Tuesday, stating that even though there's much more to be done, they are making progress in with the network.

The news comes after reports that OWN may have lost nearly $330 million since its start in 2008. The network has recently enjoyed a rise in ratings and subscribers, going from 80 to 85 million pay TV customers. Additionally, it has become the 27th highest rated network for women with about 15 million viewers a week — a boost from last year when it was in the top 45 targeting that audience.