People/Biz

OWN restructures, cuts 30 jobs

Staff at Discovery Communications and Harpo Studios will absorb responsibilities for the lost positions, with Neal Kirsch, CFO of Discovery's U.S. networks, moving to OWN as chief operating officer and chief financial officer.
March 20, 2012

U.S. network OWN: Oprah Winfrey Network is restructuring its network operations in Los Angeles and New York, in a move that will see the loss of 30 positions.

The responsibilities for those roles will be redistributed among the network and venture partners, Discovery Communications and Harpo Studios.

As part of the restructure, Neal Kirsch, CFO of Discovery’s U.S. networks, will be moving to OWN in the role of chief operating officer and chief financial officer, reporting directly to joint presidents Erik Logan and Sheri Salata.

“It is difficult to make tough business decisions that affect people’s lives,” said Oprah Winfrey, OWN’s CEO and chief creative officer, in a statement, “but the economics of a start-up cable network just don’t work with the cost structure that was in place.

“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 a necessary next step.”

In additional changes, Tina Perry, OWN’s VP of business and legal affairs, will now oversee the department and partner with Discovery’s Lee Bartlett, executive vice president of global production management, business and legal affairs.

Meanwhile, Michelle Holt, OWN’s VP of production, will now oversee production management; and Ian Parmiter, senior VP of marketing at Discovery Ad Sales, will oversee integrated marketing for OWN.

The news comes after OWN announced last Friday that it would be cancelling The Rosie Show, which has struggled with ratings.

About The Author
Meagan Kashty is an associate editor of realscreen, an international print and online magazine that covers the non-fiction film and television industries. Meagan is an award-winning business journalist. Prior to joining the realscreen team, Meagan was online editor of Canadian Grocer, named Magazine of the Year at the 2015 Canadian Business Media Awards. She can be reached at mkashty@brunico.com, and you can follow her on Twitter @MegKashty

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