Cablevision to Carry Oprah Network

NEW YORK ( TheStreet) -- Cablevision ( CVC) has agreed to carry The Oprah Winfrey Network next year, the companies announced on Tuesday.

OWN will launch on Saturday, Jan. 1. The new lifestyle channel will be available in both standard and high-definition on what is now the Discovery Health channel.

Television distributors such as Comcast ( CMCSA) and DirecTV ( DTV) already carry the Oprah Network.

Discovery will retain 50% ownership of OWN, while Winfrey's production company, Harpo, will control the other 50%.

With the addition of Cablevision's 3.5 million subscribers, OWN will be available in close to 85 million homes nationwide. The terms of the agreement were not disclosed.

OWN, which is a joint venture between Harpo and Discovery Communications ( DISCA), will feature over 20 original series, including Ask Oprah's All Stars, The Gayle King Show and In The Bedroom With Dr. Laura Berman.

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