I would not want to be Oprah Winfrey’s business manager. You know the guy or gal that handles the money for the TV icon, writes the checks to keep OWN alive as the cable networks flutters in the water like my 2 year old nephew does when swimming in a pool.
Um he has one of those blow-up life preservers connected to his body just so that more women readers seek to trash me on the internet after blowing them off following a Match.com date.
Yeah the shine is coming off the Queen of Daytime that is now the pauper of cable television. Not only is her network not performing anywhere near expectations as most of us predicted but she now is having significant issues with her publication O Magazine.
Stats are in and they are not pretty. The newsstand circulation for O Magazine have tanked. Down some 32% from year to year as the loss of her daytime program have seriously affected sales of the publication. Interestingly enough this decline was expected by the people who run the magazine. In a New York Post article O Magazine publisher David Carey said “We new that the turn away from the syndicated show would remove what was in effect the daily promotion of the magazine.”
Yeah but 32%? Wow!
Oprah’s O Magazine is not alone. Newsstand sales have dropped some 10% overall over the period which is the future of the magazine and newspaper industry in general. It’s all about the internet. Really who reads magazines anymore?
Read more at the link below.
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