Wednesday, March 21, 2012
Oprah Winfrey lays off one-fifth of her TV network?s staff
Oprah Winfrey’s television network, OWN, which is reportedly struggling at the moment, announced on Monday that it is laying off 30 employees and restructuring its operations in New York and Los Angeles.Winfrey said in a statement that it was a “tough” decision but the economics of a start-up cable network didn’t fit with OWN’s cost structure.“As CEO, I have a responsibility to chart the course for long-term success for the network. To wholly achieve that long-term success, this was
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