Oprah Winfrey is staying on board as CEO of OWN for the foreseeable future—solidifying a new deal that will retain her as CEO of the Discovery Communications-backed network through at least 2025. Simultaneously, Discovery has paid $70 million to acquire an additional 24.5 percent stake in OWN from the Winfrey-owned Harpo. (THR / Live Feed)
According to Discovery, this is the first time Winfrey has received a payment from her company’s ownership stake in OWN in the 10 years since forming the joint venture with Discovery. (Deadline)
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