When Oprah Winfrey searched for a president for her television network, the Oprah Winfrey Network (OWN), she whittled down applicants with a question that made some people very uncomfortable, she says at a recent presentation at the Stanford Graduate School of Business. One woman even burst out crying. It was: "What is your spiritual practice?"
CHICAGO (AP) — Oprah Winfrey is selling Harpo Studios in Chicago to a developer, but the studio will remain on the property for another two years. Winfrey filmed "The Oprah Winfrey Show" at the studio from 1990 to 2011, when she ended the talk show to start the Oprah Winfrey Network on cable.
Before Oprah Winfrey became the $2.9 billion media mogul she is today, the TV personality started her career in local news. Oprah recently explained her career trajectory, saying, "There have always been patterns in my life — whenever I feel like I've grown enough in one place, I move on."
Jeff Fusco/AP Images for ComcastBefore we dive into talking about how investors might best take advantage of the shift toward a world of increasingly democratic entertainment distribution, I have a confession:
I don't actually think the cable industry is doomed.
If she wrote a book about OWN, Oprah Winfrey said on CBS This Morning yesterday, she could call it 101 Mistakes. Oprah's No. 1 error? Launching her cable TV network "when we really weren't ready to launch," she confessed to best friend Gayle King and her co-host, Charlie Rose. About her 15-month-old joint venture with Discovery Communications (DISCA), Oprah added: "Had I known it was this difficult, I might have done something else." With the former daytime TV queen now averaging fewer than 300,000 viewers in primetime, might she pull the plug on her cable network and go back to broadcast?
Talk show diva and cultural kingmaker Oprah Winfrey expands her media empire Saturday with the high-stakes launch of her OWN cable network.While Winfrey's comfy couches have launched scores of careers -- from Dr. Phil to the inventors of her 'favorite things' -- it's unclear if her magic touch can carry an entire network."Oprah has a very powerful brand name, but it's really difficult to get people to change their viewing habits and find a new channel," said Derek Baine, an analyst for industry consultant SNL Kagan.