Attorney Antonio talks with Political Commentator Yvette Carnell about Oprah Winfrey selling her network back to Discovery Channel. The two delve into what the sale says about the state of race, and wealth in America. Winfrey largely for a generation stood as the beacon for black wealth, and for a long while sitting as the only African American billionaire. Is there more to this sale than what is being released? 70 Million seems like quite a deal with Discovery stating this according to Deadline.com
Discovery was quick to point out that the $70 million price tag on a 24.5% stake should not automatically peg OWN’s valuation at $280 million as it was agreed upon “after taking into account net debt at the network.”
If it’s worth much more than 280 million why would Oprah sell to you for at that valuation?
According to the New York Post
Oprah Winfrey is giving up control of her 6-year-old cable network — for $70 million.
The former talk show queen is selling a nearly 25 percent stake to David Zaslav’s Discovery Communications — which had been a 50/50 partner with Winfrey since the woman-focused OWN: Oprah Winfrey Network formed in 2008 — both companies said Monday.
It first went on the air in 2011.
After the sale of the 24.5 percent stake, Discovery will own 74.5 percent of OWN and be able to report the cable network’s results on its balance sheet.
Before Monday’s deal, OWN had been a joint venture between Winfrey and Discovery.
“Creating OWN and seeing it flourish, supported by Discovery and a rapidly growing group of the finest storytellers in film and television, is one of my proudest achievements,” Winfrey said in a statement.
The deal marks the first time that the cable giant has made a cash payment to Harpo Inc., Winfrey’s company, since the partners inked the joint venture 10 years ago.
Winfrey’s Harpo Inc. will retain a “significant minority interest” in OWN, and Winfrey will continue as chief executive — and, equally as important, will work exclusively for OWN in the basic cable space through 2025.
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THIS GOES TO UNDENIABLY VERIFY that there’s is NO SENSE OF COLLECTIVE SURVIVAL AND/OR COMMUNITY IN THE BLACK COMMUNITY. YEP, OPRAH NEEDS ANOTHER $95 MILLION HOUSE, AND MORE DESIGNER CLOTHES THAT SHE HAS TO BEG “DESIGNER” BOUTIQUE STORES TO LET HER ENTER INTO IN ORDER TO THROUGH HER BILLIONS AT THOSE WHO SNUB AND LAUGH AT HER FOR BEING SO SELF LOATHING AND INSECURE THAT SHE BEGS TO PROVE HER “STATUS” BY THROWING MILLIONS AT THEM AT A TIME ……….. WHILE DOING ABSOLUTELY NOTHING BUT SNUBBING THE POOR AND BLACK COMMUNITY THAT SHE ONCE HAILED FROM.
ITS ALL ABOUT ME, MYSELF, AND I WHEN ITS COMES TO THE “NOUVEAU RICHE” OF THE AFRICAN-AMERICAN COMMUNITY OF FOOLS. ITS NEVER ABOUT UPLIFTING THE ETHNIC GROUP THAT THEY ONCE WAS A PART OF BEFORE “ARRIVING.”
THEY GO OUT AND PURCHASE $95 MILLION DOLLAR ESTATES TO ADD TO THEIR COLLECTION OF STUFF, WHILE EVICTING HER FATHER’S FORMER LAST WIFE FROM THE $250,000 COTTAGE THAT ALLEGEDLY SHE BOUGHT FOR THEM; AND OF COURSE, HER FATHER AND BIOLOGICAL MOTHER AREN’T WORTHY OF SITTING UP ON STAGE IN A RARE APPEARANCE OF HER SHOW “FOR OPRAH’S “FRIENDS AND PEERS ONLY” SHOW BECAUSE HER MOM AND DAD MAY “EMBARRASS” HER BY MISPRONOUNCING A WORD IN THAT “NEGRO DIALECT,” IN A PRIVILEGED SPOT RESERVED ONLY FOR HER [EXCUSE ME SHE]] AND GAYLE’S “FRIENDS.”
THIS IS SUCH A CASE STUDY OF THE PSYCHOSIS, MENTAL ILLNESS AND ‘SELF-HATE” THAT THE NEO-SLAVES TRY TO MASK BY SNUBBING EVEN THE PEOPLE WHO BROUGHT THEM INTO THE WORLD ONCE THAT THEY THINK THAT THEY HAVE “ARRIVED.” AND LIKE THE ADDICTION OF METH & CRACK ADDICTS THEY JUST CAN’T GET OR DO ENOUGH TO “PROVE” THEMSELVES WORTHY OF “ELITE INNER CIRCLE STATUS” IN THE INNER CIRCLE STATUS OF “NEGRO PLUTOCRATS.”
YEP, IT TAKES BILLIONS, AND THE SNUBBING OF THE AFRICAN-AMERICANS THAT THEY USED TO BE BEFORE THEY HAD “ARRIVED” TO HAVE THE CONFIDENCE TO EVER BE ASSOCIATED WITH THE ETHNICITY THAT THEY HAIL FROM WHEN THEY WERE BROUGHT INTO THE WORLD AND JUST PLAIN OLE BLACK FOLKS RATHER THAN ‘BEG-O-NAIRES,” OR THOSE BEGGING FOR ACCEPTANCE FROM THOSE WHO WOULDN’T BE SEEN WITH THEM, EVEN UNDER COVERS, BEFORE THE MONEY AND WEALTH THEY NOW HAVE TO THROW AT THOSE WHO NORMALLY WOULD SNUB THEM AND LAUGH IN THEIR FACES AT THE NOTION OF BEING SEEN WITH THEM.
YES, OPRAH PROBABLY IS GOING TO USE THAT MONEY TO GIVE HER EUROPEAN STAFF MEMBERS TEN MILLION DOLLARS A PIECE [AS IN PER PERSON] FOR CHRISTMAS THIS YEAR. AFTER ALL, THE BLACK MAN WHO GAVE HER A JOB AT THE RADIO STATION AT 19 YEARS OLD, OR THE BLACK MAKE-UP ARTIST WHO USED TO PUT MAKE UP ON THAT NOW BLEACHED AND PLASTIC SURGERY ADJUSTED FACE, OR THE POOR BLACK CHILDREN IN CHICAGO AND IN AMERICA AT LARGE, ESPECIALLY THOSE WHO HAIL FROM THE GHETTO NEIGHBORHOODS WHICH SHE WAS CONCEIVED IN, BY TWO BLACK NONE COLLEGE “EDUCATED” PARENTS ARE NOT WORTHY OF HER MILLIONS [OH, MEANT TO SAY BILLIONS] CAUSE ITS ALL ABOUT OPRAH, GALE AND STEADMAN.,….. THE CHOSEN ONES.
I PRAY FOR THE CHILDREN……. ALL OF THEM AS HAVING WAY TOO MUCH MONEY IS THE NEW “NEGRO ASSHOLE” IT SEEMS; AND THE LAST ONES THAT THEY WANT TO BE ASSOCIATED WITH IS THE PERSON THAT THEY USED TO BE A FEW DAYS, WEEKS, MONTHS OR YEARS AGO.
YES, CAUSE THEY’S “ARRIVED.” I PRAY FOR THE CHILDREN, ALL OF THEM, AS THERE ARE NO ADULTS IN THE ROOM ANYMORE.