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Oprah and Discovery Strike Deal, Discovery Takes Ownership Stake in OWN

Winfrey continues to serve as CEO and chief creative officer of OWN, though she now owns only a 5 percent stake in it.

Ryan Hedrick

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Oprah and the Discovery Channel have agreed on a deal that gives the former talk show queen a stake of more than $35 million in Discovery Inc. The deal, which was announced Tuesday, gives Discovery the ability to own a greater percentage of the Oprah Winfrey Network (OWN).  

Winfrey continues to serve as CEO and chief creative officer of OWN, though she now owns only a 5 percent stake in it.

“Oprah Winfrey has voting and dispositive power over the shares of Series A Common Stock owned by Harpo, of which she is the sole shareholder,” Discovery said in a regulatory filing.

The Hollywood Report said the new deal increases Discovery’s ownership in OWN from 73 percent to 95 percent. According to the report, Winfrey elected to swap most of Harpo’s interest in OWN for voting Series A shares in Discovery.

As of Monday, Discovery stock closing price of $27.37, the 1.34 million shares were worth around $36.7 million.

Winfrey’s Harpo Studios joined Discovery Inc. to launch OWN back in 2011. The network has served as her home for television since that time. In 2018, Winfrey partnered with Apple on a deal that would see her host and produce TV shows, films, and specials for the tech giant’s streaming service Apple TV+ in addition to her work for the cable channel.

The news of Discovery’s OWN buyout comes as the company is set to launch an international streaming service of its own, Discovery+, next month.

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News Television

Norah O’Donnell to Host CBS Evening News From Republican National Convention

CBS Evening News with Norah O’Donnell will originate from the Wisconsin city on Wednesday, July 17th, and Thursday, July 18th.

Barrett News Media

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A photo of Norah O'Donnell
(Photo: CBS News)

As the Republican National Convention is scheduled to begin, CBS Evening News will be on location with Norah O’Donnell anchoring from Milwaukee.

CBS Evening News with Norah O’Donnell will originate from the Wisconsin city on Wednesday, July 17th, and Thursday, July 18th. On the first two days of the convention, the program will offer extensive coverage of the event with in-depth analysis and also the latest developments of the campaign of President Joe Biden.

O’Donnell will also anchor primetime coverage from 8-11 PM ET as former President Donald Trump is expected to accept the party’s nomination for President. Joining O’Donnell in primetime are chief political analyst John Dickerson, Face the Nation moderator Margaret Brennan, and chief White House correspondent Nancy Cordes.

CBS News will feature extension coverage of the event. Tony Dokoupil will be on location for the network’s morning show. Other personnel covering the convention for the network include Weijia Jiang, Major Garrett, Robert Costa, Ed O’Keefe, Caitlin Huey-Burns, Jake Rosen, and Olivia Rinaldi.

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News Television

Greg Gutfeld Executive Producer: We Won’t Be Wall-to-Wall Republican National Convention Just Because We’re in Milwaukee

“If there’s the kind of pop culture stuff that we do in the back half, we’ll still do that.”

Barrett News Media

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A photo of Greg Gutfeld
(Photo: Fox News)

Fox News is taking its entire primetime lineup to Milwaukee for the upcoming Republican National Convention. And while Greg Gutfeld will be on location, that doesn’t mean the convention will be the only topic of conversation.

Gutfeld! will air at 11 PM ET — an hour later than its usual time — during the convention to make way for a special news program hosted by Bret Baier and Martha MacCallum.

But the late-night show will be in the Wisconsin city speaking with a panel of usual guests. And with that usual cast of characters means that the content of the program isn’t likely to change from its usual format.

“It’s people who Greg loves and has good chemistry with,” Executive Producer Tom O’Connor told TVNewser. “I don’t think it’ll be wall-to-wall RNC coverage for the whole hour, either. If there’s the kind of pop culture stuff that we do in the back half, we’ll still do that. That’s stuff that Greg always wants to talk about.”

O’Connor added that “It was an easy decision” to move Gutfeld! to Milwaukee for the Republican National Convention. He continued by noting that Greg Gutfeld being more comfortable as the host of the show allows for more on-location programs.

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News Television

Tucker Carlson Network App Coming to Smart TVs

“Our team has spent months developing the new TCN TV app, and it’s about to go live.”

Barrett News Media

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A photo of Tucker Carlson and the Tucker Carlson Network logo
(Photo: Tucker Carlson)

Tucker Carlson has been off TV since his April 2023 ouster from Fox News. That’s about to change with the launch of an app for his Tucker Carlson Network.

In an email to subscribers, the Tucker Carlson Network revealed “Our team has spent months developing the new TCN TV app, and it’s about to go live. When this app is released, you’ll be able to watch Tucker on your TV at any time.

The Tucker Carlson Network app will join a growing field of smart TV apps in recent months. Nearly every network news outlet has a free, ad-supported TV streaming app with products like NBC News Now, ABC Live, and the recently rebranded CBS News 24/7.

It is unclear if the new app will require a subscription to the network to watch the various video programs being produced by the former cable news host.

Currently, subscriptions to the platform cost $9 monthly or $72 for the entire year.

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