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Queen of All Media Drops Dough on New Social Site

No one knows how much Oprah has invested in her  OWN network, but the word on the street is that it’s around 300 million dollars. That’s not enough to put a dent in Ms. Winfrey’s pocketbook though, because she’s already found a new investment opportunity.

In addition to her network, Oprah is among a handful of investors who have invested in a new social media site. The site was co-founded by the former president of location-based deal service Gilt City and CEO of ContentNext Media, Nathan Richardson. Also on board are TechCrunch’s former chief marketing officer Sarah Ross and the mayor of Newark, New Jersey, Cory Booker.

 

One Response to Queen of All Media Drops Dough on New Social Site

  1. Rev. George Brooks Reply

    July 2, 2012 at 12:52 pm

    If Oprah is not careful she is going to end up broke, or heavily financially damaged with this network of hers, because whites and Jews do not want ANY black person to have their own TV network, and be highly successful. Even though she has a ton of whites and Jews involved in it, which she should not be doing, unless they are footing the bill, and not all of it coming out of her pocket. Just watch? They are going to let her keep doing it, until he is milded dry, and then they will take it over. It’s the same old story that has happened before. They want to see her broke. And she’s not going to be able to run that station as she wants to, but how they want it to be run. Just watch? — Rev. George Brooks

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