After several grueling years, Oprah Winfrey’s cable channel OWN has turned the corner toward profitability, her business partners at Discovery Communications said on Tuesday, six months ahead of its previously stated goal.

In the second quarter, OWN was cash-flow positive for the first time, said David M. Zaslav, Discovery’s chief executive. He credited investments in programming, including two new shows from Tyler Perry, and increases in subscriber fees from cable and satellite providers.

OWN, which is a joint venture between Ms. Winfrey and Discovery, is now “starting to pay down the investment Discovery has made in the venture,” Mr. Zaslav said in his company’s annual earnings conference call.

Read it at NY Times.