Discovery Communications and Oprah Winfrey announced that the Discovery Health network will be turned over to Winfrey next year, becoming OWN–the Oprah Winfrey Network. From AP:
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.
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