Oprah Winfrey is taking a new role at OWN as permanent CEO and Chief Creative Officer. The media mogul has pledged to dedicate more time at OWN with the end of her syndicated talk show in May. The move comes just two months after the network announced that OWN CEO Christina Norman would leave and be replaced by interim CEO, Discovery Communications COO Peter Liguori. Winfrey will take over her new roles in the fall.
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The company also announced that all future television production at Harpo Studios would be directed exclusively to OWN. “I am ready to dedicate my full creative energy and focus as the full-time CEO of OWN, “Winfrey said, pledging to “unleash the full potential of the network.”
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Last August, OWN co-owner Discovery Communications boosted its funding by $89 million, in addition to its initial $100 million commitment. In February it committed another $50 million, mostly to go toward programming. The company said at the time it was still on target financially for the year.
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