Oprah Winfrey Network lays off 30 workers
LOS ANGELES (AP) - March 20, 2012 (WPVI) -- Oprah Winfrey's struggling television network, OWN, is laying off 30 workers and restructuring its operations in New York and Los Angeles.
Winfrey said in a statement Monday that the decision is a "tough" one. She says the economics of a startup cable network didn't fit with OWN's cost structure.
OWN launched in January 2011 as an ambitious new platform for Winfrey after stepping away from her long-running daytime talk show.
It has proved a rocky venture. Viewership for OWN shows have been largely unimpressive, and the network canceled Rosie O'Donnell's low-rated talk show last week.
oprah winfrey, unemployment, business/finance
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