Discovery Buys Majority of OWN: Oprah Winfrey Network
Discovery Communications is increasing its piece of the OWN: Oprah Winfrey Network joint venture with Winfrey's Harpo, the programmer said Monday. Discovery said it's paying $70 million for an additional 24.5 percent, which would give it more than 70 percent.…
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It said Winfrey will remain CEO, with her exclusivity commitment to the network extended through 2025.