Discovery Gives Oprah’s OWN Another $89M

Comes in exchange for Winfrey agreeing to increase her on-air commitment

Discovery Communications has agreed to put up another $89 million in financing for the Oprah Winfrey Network, set to bow Jan. 1 on what is now the Discovery Health channel.

Discovery already had been committed to putting up $100 million in financing for OWN through Sept. 30, 2011.

The new funding comes in exchange for Winfrey agreeing to increase her "on-air commitment to OWN, including hosting or starring in a show to air on OWN," according to Discovery's filing.

Read more at Variety.

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