Media giant Oprah Winfrey has teamed her production company, Harpo Inc., with Discovery Communications to jointly create the new television network OWN (Oprah Winfrey Network).
Winfrey made her first investment in a television network with the Oxygen channel in 1998. It was sold to NBC in 2007 for nearly one billion dollars. Winfrey stated in an interview that Oxygen was not a good representation of the programming she initially wanted to air.
The new venture between Harpo and Discovery places Winfrey in a position to fully control its