Exclusive: Oprah in a Tailspin!National Enquirer
, by Rick Egusquiza & MIchael GlynnIN a humiliating power coup, OPRAH WINFREY has been stripped of executive powers at her struggling OWN network and now pals fear the worst is yet to come!
The media mogul was reduced to tears when her chief financial backer decided to curtail her control over the network she had worked her fingers to the bone to launch, say sources.
“Oprah’s situation is equivalent to Donald Trump telling one of his ‘Celebrity Apprentice’ contestants: ‘You’re fired!’” declared a TV insider.
As ratings sputtered and hundreds of millions of dollars spiraled down the drain, execs at Discovery Communications, which co-owns the Oprah Winfrey Network, made the strategic move in a desperate, eleventh-hour bid to save it.
While Oprah retains her title of CEO, it’s in name only, revealed the insider.
Oprah had exercised complete control over OWN since its launch in January 2011, and Discovery bigwigs supported her even as it turned into a financial disaster.http://www