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Better Than the Santa Clause: If Oprah Doesn’t Like How OWN Is Turning Out, Or Just Wants to do Something Else, She Has Option Of Selling Her Half Back to Discovery

Feb 8, 2011  •  Post A Comment

Oprah Winfrey’s "Harpo Productions Inc. has an option to sell its OWN interest back to Discovery every two and half years, starting in 2016," reports Bloomberg.

The article continues, "The maximum payouts range from as much as $100 million to up to $400 million in 12.5 years, according to a Discovery filing. Winfrey declined to comment."

The article also notes, "Through Sept. 30, OWN had spent $107 million getting started, part of $189 million Discovery or a third party agreed to lend the project."

The story adds, "OWN has averaged 159,000 women viewers in the 25-to-54- year-old demographic group the channel targets, a 49 percent rise from the 107,000 Discovery Health drew a year earlier, according to Nielsen Co. ratings from the company."

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