CNBC celebrates Oxygen deal with Oprah stories

NBC Universal closed on Tuesday the $875 million purchase of Oxygen Media LLC. It may be entirely coincidental, but all day, NBCU's business news channel CNBC has been airing a news feature about Oprah Winfrey, one of Oxygen's original financiers.

Geraldine Laybourne launched Oxygen in 2000 with Winfrey and TV producers Marcy Carsey, Tom Werner and Caryn Mandabach. Paul Allen also had a stake in the company. — Matthew Wurtzel

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