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Discovery CEO: OWN Has Turned a Corner

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    Discovery CEO David Zaslav on the future of the Oprah Winfrey Network.

  • Duration 3:04
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This transcript is automatically generated

Fourteen cable networks -- 812 million subscribers.

Discovery is one of those called -- companies that has done a lot of right but lately one thing.

It's part on Oprah Winfrey network is struggling.

Liz Claman is -- with the CEO president David does not -- the NCTA show in Boston lettuce.

-- we are at discovery imagine -- there in 209 countries their stock is up 13% year over year that could do a million things right.

But of course a lot of people -- -- that -- Look at the -- apparent near term stumbled with the Oprah Winfrey network we've got a million things talking about but let's just start with that because.

It was last year at -- -- show.

I said where do you want to start at your both that you said how about on the -- area and it was smaller outfit purple and now.

All there is about that is that one -- what's going on with -- out -- -- First.

When you go on the quarter you'll see a bunch of stuff for all but -- as I've mentioned on our analyst call this really turn in the quarter our ratings are up.

Our cost surrender control and it will be profitable in the second half of next year -- was on the air last night -- Carrie Underwood.

When she's on the air -- have very strong world's top five network of top six network top three network for women.

And our content starting to resonate these things take time Paula started to work it's gonna create a lot of value for our company.

All -- what she did the Whitney Houston's funeral.

Ratings were gigantic but she can't be on twenty force up.

And that's why we have the foreign content that works and would put a lot of stuff on the didn't and now putting a lot of stuff on that is so.

Not not only were encouraged but we see the numbers.

We see the support from the area affiliate community we now have subscriber fees that start on January 1 so we're feeling really good about it -- confident that we will be making money next year.

Making money next year but for now about 300 million has sunk into this -- I understand it.

-- -- part -- let's be clear about that 50% the cryptic but yet to take a 100% of the losses do you regret that business model that.

Of the channel as I've said this going to be very strong for us every channel takes time do you and I -- -- CNBC for many years.

These channels don't you don't make money they want to -- to invest to get growth -- to invest to build big businesses and there's no better branded media -- Oprah.

We feel really good about it we've turned it.

Oprah has focused -- me with a great leadership team to try to figure out.

How do we programs network and really create content people want to see happen so we feel good and it's gonna be a good asset.

The shareholders in August saw this interview didn't Hollywood reporter he said -- to calm down about the own network.

So it fine but -- but how Wendy at some point say the losses are too much.

-- network who make money next year here's -- -- because of Oprah.

When they look at what people look at this -- -- -- have to take a look at the data the data is that our ratings are growing every month.

Last month we were top thirty network in America they're almost a hundred networks we were top thirty network -- -- with us -- fully supportive of very.

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