discovery communications boosts stake
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

In Oprah's TV group

Discovery Communications boosts stake

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Discovery Communications boosts stake

Discovery Communications has agreed to boost its stake
Washington - AFP

Discovery Communications said Monday it would pay $70 million to boost its stake in its joint venture, the Oprah Winfrey Network television group, which produces the celebrity's programs.

The deal gives Discovery an additional 24.5 percent stake to lift its total share to more than 70 percent.

Winfrey's holding company Harpo Inc will retain a minority stake and she will continue in her role as chief executive through 2025 under the agreement.

The announcement comes 10 years after Winfrey created the Oprah Winfrey Network (OWN) in a joint deal with Discovery, which operates channels in the US, Europe and Latin America including Animal Planet, Discovery Kids and Eurosport.

"Ten years ago, Oprah and I began to imagine what a network, inspired by her vision and values, could mean to viewers across the US," said David Zaslav, president and CEO of Discovery.

"In an increasingly crowded landscape, OWN has emerged as the leading destination for African-American women and one of the strongest superfan brands across all screens and services. This transaction allows Discovery and Oprah to unlock more value from our partnership; extends once more her commitment to the network; and lets us continue our strong work together to nourish OWN viewers with the content they love."

OWN airs programs focused on African-Americans including the series "Queen Sugar" and "Greenleaf."

"I'm thrilled with the network’s success and excited about this next chapter in our partnership," Winfrey said in a statement.

"Together, we'll continue to inspire our viewers with real-life stories that are emotional and entertaining, connecting them to each other and to their greatest potential

GMT 08:29 2018 Sunday ,07 January

Twitter won't block world leaders, citing need

GMT 05:44 2017 Sunday ,31 December

golf, tweets and phone calls

GMT 15:32 2017 Monday ,18 December

US military to send cyber soldiers

GMT 06:10 2017 Sunday ,10 December

With new internet rules set for vote

GMT 09:46 2017 Wednesday ,29 November

Trump again backs alleged harasser
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

discovery communications boosts stake discovery communications boosts stake

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

discovery communications boosts stake discovery communications boosts stake

 



GMT 05:14 2024 Wednesday ,07 February

Sophisticated Classic Dining Room Design Ideas

GMT 10:51 2016 Tuesday ,22 November

Klinsmann fired as US coach

GMT 05:17 2017 Wednesday ,05 July

Now, have breakfast, coffee with rats

GMT 12:10 2018 Thursday ,18 January

Lebanon reverses ban on Spielberg's 'The Post'

GMT 11:35 2017 Thursday ,28 September

Young Emiratis Credit Young ADIPEC with Helping Them

GMT 11:56 2017 Wednesday ,13 December

Brexit deal shows UK can leave EU

GMT 08:45 2017 Saturday ,30 September

Yasmine Sabri reveals secrets of her happiness

GMT 20:22 2016 Sunday ,17 July

Jagger to be dad again at 72

GMT 21:30 2016 Wednesday ,11 May

Nilesat attains profits worth $ 91.5m in 2015

GMT 00:48 2017 Sunday ,12 March

Iran condemns Syria terrorist bomb attacks

GMT 12:04 2012 Tuesday ,17 July

US drones make peace with Pakistan less likely

GMT 00:48 2012 Friday ,10 August

Judge Judy is highest paid TV star

GMT 14:48 2015 Saturday ,17 October

Everton great Howard Kendall dies

GMT 18:23 2016 Monday ,02 May

Kerry seeks path to calm in Syria

GMT 15:48 2017 Friday ,22 September

FM attends meeting on forced labor

GMT 23:30 2017 Wednesday ,15 February

‘Strange black soot’ blankets Nigeria’s oil hub

GMT 18:06 2016 Wednesday ,28 September

3 policemen, 1 civilian killed by unidentified men in Arish
Emiratesvoice, emirates voice
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice