Oprah Winfrey - The Story of an EntrepreneurOprah – The Entreprenuer Contd...It was the same story with Oprah's investment decisions. Geraldine Laybourne, the co-founder of Oxygen, won Oprah's trust by telling her that she was planning a cable network aimed at providing intent and service to women. The idea appealed to Oprah (in fact she had something similar in her mind) and on an impulse, she invested $20 million in the project and also transferred certain rights to 'The Oprah Winfrey Show library. In return, she received a 25% stake in Oxygen Media.9
She reportedly donated millions of dollars to institutes of higher education (Spelman College, Morehouse College and Tennessee State University) and established scholarships, which helped hundreds of students. In September 1997, Oprah launched 'Oprah's Angel Network' to encourage people to extend their help to those in need. Oprah asked her audience to help the 'less fortunate' by donating their spare change to the Angel Network.
Oprah Winfrey - The Story of an Entrepreneur - Next Page >>> 9] In March 2002, it was reported that Oprah regretted her decision to impart certain rights to 'The Oprah Winfrey Show' library to Oxygen Media. She felt that by doing so, she had traded her soul. To undo this mistake, Oprah acquired her rights back and in return she accepted to do a special program on Oxygen Media, "Oprah After the Show'. |
Case DetailsCase Code : LDEN006 Free Case Studies
Business Strategy Micro Case Studies
Business Environment Free Resources
Micro Case Studies Case Related Links
Best Selling Case Studies |