Oprah Winfrey just sold the majority of her OWN network to Discovery
Today in news that is simply related to a business deal and is not necessarily indicative of anyone’s future plans, Oprah Winfrey has sold off some of her stake in the OWN network to Discovery Communications for $70 million, giving it majority control. That comes from the Los Angeles Times, which explains that OWN used to be a 50-50 joint venture between Winfrey and Discovery, but this deal brings its ownership to “nearly 75 percent.” Winfrey will still serve as OWN’s CEO, and she will “work exclusively” on basic cable for the network through 2025.