Discovery Channel, Own | featured news

OWN, the cable network joint venture of Oprah Winfrey and Discovery Communications, "remains on track" to reach profitability in the back-half of 2013, Discovery CEO David Zaslav said Tuesday. Previously, the company had promised that the network would reach cash flow break-even some time during the second half of next year and then post profits.

Oprah Winfrey is used to running the show, whether it was her hit daytime TV program or the fledgling cable channel named for her and which she rules as chairman and chief executive. But this week's Oprah Winfrey Network shakeup, which included a 20 percent staff layoff, thrusts her into a new dynamic: power-sharing with a top executive from the company that's bankrolled OWN with $300 million-plus.