Discovery Raises Stake in Oprah Winfrey Network

Discovery raised its stake in its joint venture with TV mogul Oprah Winfrey to more than 70 percent.

REUTERS

(Reuters) — Discovery Communications Inc. said on Monday it had raised its stake in its joint venture with TV mogul Oprah Winfrey to more than 70 percent.


Discovery paid $70 million to acquire an additional 24.5 percent stake in the Oprah Winfrey Network from Harpo Inc, founded by Winfrey.

Winfrey, who will retain a minority interest and continue in her role as chief executive of OWN, has extended her commitment to the network through 2025, Discovery said.

OWN, launched in 2011 as a joint venture between Discovery and Harpo, focuses on African American viewers, mostly women, and includes hit series such as "Queen Sugar" and "Greenleaf."

Discovery was advised by Allen & Co LLC and Grubman Shire Meiselas & Sacks, while Harpo was advised by Moelis & Co LLC and Loeb & Loeb LLP.

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National Memorial to Honor Lynching Victims Opens April 26

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There was a time in the U.S. when white people would gather in public squares in the Deep South to witness Black men, women or children hanged, burned or amputated, sometimes all of the above. This form of domestic terrorism is a painful part of American history that Bryan Stevenson said needs to be remembered in order to heal the racial divide in this country.

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Celebrity Cash, Kudos Boost 'March for Our Lives' Gun Control Campaign

"This is their moment," said Oprah Winfrey. "They are the new young warriors of the light."

REUTERS

(Reuters) – Oprah Winfrey calls them "warriors of the light," actor Bill Murray says the young Florida gun control campaigners remind him of the students who rallied to end the Vietnam War, and George Clooney has donated $500,000 to their cause.

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Trump at GOP Rally: Maxine Waters Has 'Very Low IQ'

More racism for his base. He also said of Oprah, "I'd love to beat her."

When President Donald Trump attends GOP rallies, he implements the sexist and racist rhetoric he used during his presidential campaign trail to rile up supporters. Trump mocked Rep. Maxine Waters (D-Calif.) during a speech at a rally for congressional hopeful Rick Saccone on Saturday night in Moon Township, Pa.

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Big Names, High Hopes for Multi-Racial 'Wrinkle in Time'

"It's wonderful that we're reflecting the world that we're living in today, and in the wake of 'Black Panther,' I feel like we could be the spiritual sister," said British actress Gugu Mbatha-Raw, who plays Meg's mother in "A Wrinkle in Time."

Cast members (L-R) Oprah Winfrey, Storm Reid, Reese Witherspoon and Mindy Kaling pose at the premiere of "A Wrinkle in Time." / REUTERS

(Reuters) — A month after "Black Panther" showcased Black excellence in the form of a superhero movie, "A Wrinkle in Time" is hoping to do the same through a beloved American children's novel.

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Oprah 'Definitely Not' Running for President

The media mogul, appearing on Jimmy Kimmel Live, was emphatic in her response to host Kimmel's question about whether she would run.

REUTERS

(Reuters) — Oprah Winfrey put to rest any lingering questions about a potential 2020 bid for the presidency, declaring on a late-night talk show on Thursday that she was "definitely not running."

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Oprah Banishes Russell Simmons from Book of Wisdom

Amid numerous sexual assault allegations against Simmons, his thoughts on meditation are no longer welcome in Oprah's book.

REUTERS

The lifestyle advice of entrepreneur-producer Russell Simmons will no longer be available in upcoming editions of Oprah Winfrey's book, "The Wisdom of Sundays." Winfrey's publisher has pressed the delete button following the recent sexual assault allegations against Simmons, including rape.

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Oprah: I'm Not Running for President

The leader of a political action committee supporting Winfrey said it would still to try to persuade her to run and continue seeking to recruit 1 million supporters.

REUTERS

(Reuters) — Media mogul Oprah Winfrey apparently ended her brief flirtation with a run for the U.S. presidency in 2020, telling InStyle magazine in an interview published on Thursday that she was not interested.

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