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If you rake in more than 150 grand a year, then have I got the TV network for you! Discovery Communications is launching a new channel called Velocity targeting wealthy men. Programming will focus largely on luxury automobiles, but will also include shows about upscale travel and high-end adventure sports. Advertisers will no doubt be chomping at the bit to get a piece of the audience.

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Discovery Communications is launching a new channel targeting wealthy men called Velocity. Some of the shows that have already been tested for the network include “Chasing Classic Cars” and “Mecum Auto Auctions.” As you may have guessed, programming will focus largely on luxury automobiles, but will also include shows about upscale travel and high-end adventure sports.

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Oprah Winfrey Network has Midas touch. Oprah Winfrey’s new network OWN looks like a winner right out of the gate. According to parent company Discovery Communications, they’re expecting OWN to turn a profit in its very first year. Previously they had said not to expect any profits until 2012 or 2013. According to Discovery CFO Brad Singer, the earlier-than-expected profits are due to “ad acceptance and good performance.”

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