Celebs in News
Oprah Winfrey
Oprah Gail Winfrey (born Orpah Gail Winfrey; January 29, 1954) is an American media executive, actress, talk show host, television producer, and philanthropist. She is best known for her talk show, The Oprah Winfrey Show, broadcast from Chicago, which was the highest-rated television program of its kind in history and ran in national syndication for 25 years from 1986 to 2011. Dubbed the "Queen of All Media", she was the richest African American of the 20th century and North America's first black multi-billionaire, and she has been ranked the greatest black philanthropist in American history. By 2007, she was sometimes ranked as the most influential woman in the world.
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Oprah Winfrey Gets Stake in Discovery as Company Takes 95 Percent of OWN
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hollywoodreporter.comOprah Winfrey has taken a stake of $35 million-plus in Discovery Inc. as part of a deal that boosts the factual content giant's holding in OWN, a joint venture with Winfrey's Harpo, sources tell The Hollywood Reporter.
Discovery and Harpo's original deal to form OWN in 2008 included options for Harpo to sell its stake to the content company, and Discovery has been increasing its OWN stake over time.
According to Discovery's 2008 annual report, Winfrey had a put agreement that would require Discovery to buy out a portion or all of her stake in OWN that was set to expire at the end of this year.
The new deal increases Discovery's ownership in OWN from 73 percent to 95 percent, according to a source familiar with the situation.
Read more on hollywoodreporter.com
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