Oprah Winfrey Sells OWN Network to Discovery
With the deal, Winfrey is cashing in on her involvement in OWN. According to Discovery, this is the first time Winfrey has received a payment from her company’s ownership stake in OWN in the 10 years since forming the joint venture with Discovery. Harpo will retain a “significant minority interest” in OWN and Winfrey will continue in her role as CEO. Her exclusivity contract with OWN, including as on-air personality, has been extended through 2025.
SOURCE EURWEB
