Oprah Winfrey and Discovery Communications to Form New Joint Venture: 'OWN: The Oprah Winfrey Network'

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January 16, 2008

Oprah Winfrey and Discovery Communications to Form New Joint Venture: 'OWN: The Oprah Winfrey Network'

OWN DISCOVERY

Photo: Discovery Communications President and CEO David Zaslav and Oprah Winfrey announce the launch of "OWN: The Oprah Winfrey Network" today, January 15, 2008, in Chicago.

OWN

CHICAGO, Jan. 15 -- Oprah Winfrey and Discovery Communications announced plans today to create "OWN: The Oprah Winfrey Network." The new multi-platform media venture will be designed to entertain, inform and inspire people to live their best lives. OWN will debut in 2009 in more than 70 million homes, on what is currently the Discovery Health Channel.

OWN's mission is to create multiple platforms for women, men and their families with a purpose and a passion: to celebrate life, to inspire and entertain, empowering viewers around the world to live their best lives, and by doing so, lift the lives of those around them in ever-widening circles.

In addition to providing her talent, and personal commitment, Winfrey will have full editorial control over the joint venture and will be responsible for OWN's programming, branding and creative vision.

Winfrey will serve as Chairman of The Oprah Winfrey Network, LLC and the venture will be 50/50 owned by Discovery and Harpo. This is a cashless transaction and The Oprah Winfrey Network, LLC will be an independent company. |GlobalGiants.com|

Edited & Posted by the Editor | 9:34 AM | Link to this Post