From the Associated Press:
Oprah Winfrey is getting her own TV network.
Discovery Communications and Winfrey announced a deal Tuesday where the Discovery Health network will be turned over to Winfrey next year, becoming OWN - the Oprah Winfrey Network.
The cash-free transaction involved Winfrey turning over her Web site to Discovery, while the communications company makes her chairman of the network, which is currently seen in 68 million homes, said David Zaslav, Discovery Communications chief.
"The focus of the channel will be the focus of Oprah's brand, which is the educate and inspire people to live the best life they can," Zaslav said.
Some of Winfrey's stable of regular contributors could be expected to be part of the programming, he said. Winfrey's current talk show, as well as rights to use of reruns, is spoken for until the end of the 2010-11 season.