30 Laid Off at Oprah’s Network

    FILE - In this April 14, 2011 publicity image originally released by OWN, TV personality and media mogul Oprah Winfrey presents at the OWN: Oprah Winfrey Network portion of the Discovery Communications Upfront at Jazz at Lincoln Center in New York.  Oprah Winfrey's struggling network, OWN, is laying off 30 workers and restructuring its operations in New York and Los Angeles. (AP Photo/OWN, George Burns)  MANDATORY CREDIT: GEORGE BURNS/OWN

    George Burns, OWN / AP Photo

    Oh no, O! Oprah Winfrey’s cable network, OWN, announced Monday that it is laying off 30 people, about one fifth of its workforce, to revamp its East and West Coast operations. The multibillionaire media mogul cast the firings in the terms of struggles faced by many  fledgling companies, saying, “It is difficult to make tough business decisions that affect people’s lives, but the economics of a start-up cable network just don’t work with the cost structure that was in place.” OWN has suffered occasional setbacks since Winfrey launched the network in January 2011, but she said the cuts will help get the company on track for “long-term success.”

    Read it at Associated Press