Monday, March 17, 2014

Oprah Winfrey sells Harpo Studios, the longtime home of The Oprah Winfrey Show, for $32 million.

Oprah Winfrey is selling Harpo Studios in Chicago, the longtime home of The Oprah Winfrey Show.

Harpo is Oprah spelled backwards.  "We have entered into a purchasing agreement with Sterling Bay for the four-building Harpo Studios campus in Chicago's West Loop," says Harpo in a statement.

"We expect the transaction to be closed in 30 days. The property will be leased back to Harpo for two years and the studio will continue to produce programming for OWN".

OWN is Oprah Winfrey's Oprah Winfrey Network (OWN), the programming of which can be seen in South Africa on Discovery Networks International's TLC Entertainment (DStv 172) channel.