In A Subtle Shift, Discovery CEO Says OWN Will Be Profitable This Year

Up to now the company promised that its joint venture network with Oprah Winfrey would break even on a cash flow basis in the second half of 2013. But CEO David Zaslav slightly raised the stakes this morning, promising those attending Sanford C. Bernstein’s Strategic Decisions Conference that “we’ll be making money on OWN.” The channel — which stumbled out of the gate in 2011 — is “ahead of where we thought it would be” and “finding enormous success for us.” For example, on Saturday night, when it runs original programming without Winfrey, “we’re the No. 1 network for African American women.” The comment buttressed Zaslav’s broader argument that the pay TV business is in good shape, and Discovery is doing especially well in that environment. Zaslav is unfazed by the seemingly growing number of consumers who say that they’re fed up with rising pay TV rates, and want distributors to offer channels a la carte or on low-priced tiers. “This is a very sturdy system,” he says. “Viewers really enjoy the basic package…I don’t see that being challenged.” (more…)

This article was printed from https://deadline.com/2013/05/discovery-communications-david-zaslav-own-profitable-2013-509658/