Having Cashed in On Oh!, Oprah Breaks Ground On New Namesake TV Network
Just months after announcing the sale of Oh! channel to NBC Universal, Oprah delivers word that she's getting back into the business of financing a television network. In 2009 her Harpo Productions will introduce, in a 50/50 deal with Discovery Communications, the awesomely-abbreviated "OWN: The Oprah Winfrey Network." The new network replaces the Discovery Health Channel, giving it immediate access to 70 million homes. Oprah takes the role as chairman and will have full editorial control over the network while her expanding partner will focus on distribution and a smaller level of editorial involvement. The only question remaining: Who will play CEO?