Oprah Winfrey’s OWN is bleeding money!

Despite the fact that she was once the reigning queen of daytime TV and could make millions of bored housewives read a Jonathan Franzen novel just by glancing in its general direction, Oprah Winfrey‘s network, OWN, has reportedly lost like $330 Million, and honestly, at this point she couldn’t be burning money faster if she bought a Cerberus that ate diamonds and Lamborghinis. Via Huffington Post:

One of those mistakes might be the apparently vast sums of money that OWN has bled through since its inception. Bloomberg Businessweek reported last week that the network may have lost a whopping $330 million since it began in 2008. An analyst told the magazine that it was the most “successful failure in television today.” While Oprah does not have a personal financial stake in the company, it is still undoubtedly a black eye for her.

Mind you, her numbers are slowly picking up thanks to some of her recent exclusive interviews (Bobbi Kristina Brown, Lady Gaga), but at this point, that’s like putting a band-aid on the bleeding stump that was once your arm after its been bitten off by a Cerberus that only eats diamonds and Lamborghinis. On a side note, if anyone has a care guide for Cerberii that only eat diamonds and Lamborghinis, please send it to me before I bleed out.

Oprah WInfrey - OWN

Jeremy Feist About Jeremy Feist

Jeremy Feist is an (ahem) entertainer from Toronto, Canada. He writes, acts, and performs on stage, and has been a writer for Popbytes for almost three years now. He lives in Toronto with his boyfriend, his incredibly dumb but cute puppy, and his immortal cat.

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