Discovery Boosts Stake In OWN, Oprah Winfrey Takes Stock In Longtime Partner

Discovery has upped its stake in OWN to 95% with the network’s founder and namesake Oprah Winfrey receiving $35 million worth of Discovery stock in exchange, according to an SEC filing Tuesday. Discovery and Winfrey launched OWN in 2008 and the David Zaslav-led media company has periodically raised its stake in the joint venture. It […]