12.06.2017

Oprah Sells Majority Stake In OWN To Discovery For $70 Million

Oprah Sells Majority Stake In OWN To Discovery For $70 Million Jason LaVeris/FilmMagic via Getty Images

Oprah Winfrey is selling a majority interest in her network OWN to Discovery Communications for $70 million, the Los Angeles Times reports.

OWN had been a 50-50 joint venture between Winfrey and Discovery until the deal, which was announced Monday. The cable giant is acquiring an additional 24.5 percent.

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