Oprah Winfrey Held Town Hall Meeting Before OWN Bloodbath

03/21/2012
.
(TMZ) Oprah Winfrey ordered a bloodbath at OWN Monday, but she took a highly unusual and humanistic step of calling a town hall meeting after firing 30 people ... to explain why she lowered the boom.

Sources who were at the meeting tell TMZ ... Oprah explained that OWN had a duty to the board of directors to justify how much the network was spending, in light of anemic ratings and problems with advertisers.

Oprah said the fiscal year for OWN ends on March 31, and she had to get OWN's financial house in order before April 1 -- or else the entire network would be in jeopardy.

Oprah said cutting staff was essential in harnessing the cost of running the network.

But here's the good news for the 30 people who lost their jobs ... Oprah is paying some serious severance ... one person tells us the packages were "extremely generous." We're told everyone got at least several weeks of pay and some people are getting paid for the duration of their contracts.

And Oprah even brought a recruiter to the building, to help people find new jobs. more on this story

TMZ submitted this story.
Copyright TMZ - Excerpted here with permission.

advertisement

Oprah Winfrey DVDs and Blu-Rays

Oprah Winfrey T-shirts and Posters

Share this article
Share on Facebook Share on Twitter Share on Google+ Pin it Share on Reddit email this article


...end


advertisement

News Reports
Day in Rock:
Journey's Neal Schon Delivers Early Christmas Gift- Gregg Allman's Birthday Celebrated With Video- Aerosmith's Steven Tyler Launches Shelter for Abused Women- more

Recap: John Mayer Hospitalized For Emergency Surgery- Chester Bennington Autopsy And Toxicology Report Revealed- Robert Plant Reacts To Latest Led Zeppelin Reunion Question- more

Surviving Nirvana Members Reunite During Foo Fighters Concert- Avenged Sevenfold Releasing Special Album This Week- Perry Streams New Song With Cheap Trick's Zander- more

Unreleased Jimi Hendrix Songs Coming On New Album- Chester Bennington's Wife Addresses Previous Suicide Attempt Report- Stone Sour Announce More 2018 Tour Dates- more

Page Too:
Liam Payne Streams Acoustic 'Bedroom Floor' Performance- Chris Brown Gives His Daughter A Pet Monkey- Charli XCX Releases New Track 'Out of My Head' with Tove Lo- more

Page Too Rewind: Lil Wayne Releasing 'Dedication 6' On Christmas Day- Nile Rodgers Had Surgery Following Cancer Diagnosis- Randy Travis Addresses Release of DWI Arrest Video- more

Usher and Lil Jon Working On In Studio On New Music- Meek Mill's Bail Request Denied By Superior Court- Carrie Underwood 'What I Never Knew I Always Wanted' Video- more

Lil Wayne Releasing 'Dedication 6' On Christmas Day- Nile Rodgers Had Surgery Following Cancer Diagnosis- Randy Travis Addresses Release of DWI Arrest Video- more

advertisement


Follow Us:

Contact Us - Privacy - Why we are antiMusic

Copyright© 1998 - 2017 Iconoclast Entertainment Group All rights reserved.

Please click here for legal restrictions and terms of use applicable to this site. Use of this site signifies your agreement to the terms of use.