Of Lunches and Oprah: Lyne May Land At OWN
This story was written by Rafat Ali.
The grist mill is in full swing: Susan Lyne. the outgoing CEO of Martha Stewart Living Omnimedia (NYSE: MSO), is now speaking to Oprah and her business people about running OWN, the Oprah Winfrey Network, reports Fortune, citing sources. This comes as other rumors about Lyne speaking to Time Inc about taking the top job are also floating around. The cable startup OWN is a JV between Oprah's Harpo Inc. and Discovery, and due to launch in September 2009.
As for a rumored non compete clause in Lyne's separation agreement, the post says: "Not true. An amendment in her separation agreement eliminates the non-compete clause that was in her contract. So Lyne is, in fact, free to work with Oprah."
By Rafat Ali