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Oprah Winfrey Just Sold Most Of Her Stake In Her OWN Cable Network

Oprah Winfrey has once again cashed out some of her ownership of the OWN cable network—this time selling 20.5% to the network’s majority owner, Discovery DISCA , in exchange for 1.34 million shares of Discovery stock, worth about $36.5 million on Tuesday. Winfrey will remain the CEO and chief creative officer of her namesake network.…

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Oprah Winfrey Just Sold Most Of Her Stake In Her OWN Cable Network

Oprah Winfrey has once again cashed out some of her ownership of the OWN cable network—this time selling 20.5% to the network’s majority owner, Discovery DISCA , in exchange for 1.34 million shares of Discovery stock, worth about $36.5 million on Tuesday. Winfrey will remain the CEO and chief creative officer of her namesake network.…
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