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Oprah Winfrey to sell Harpo Studios in Chicago

45th NAACP Image Awards Presented By TV One - Show

CHICAGO (AP) -- Oprah Winfrey is selling Harpo Studios in Chicago to a developer, but the studio will remain on the property for another two years.

Winfrey filmed "The Oprah Winfrey Show" at the studio from 1990 to 2011, when she ended the talk show to start the Oprah Winfrey Network on cable.

"We have entered into a purchasing agreement with Sterling Bay for the four-building Harpo Studios campus in Chicago's West Loop," Harpo told Crain's Chicago Business 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."

About 200 people work at the 3.5-acre campus, which will sell for about $32 million, Crain's reported Sunday. Harpo said it expects to close the transaction in 30 days.

Winfrey first came to Chicago in 1984 to WLS-TV's morning talk show, "A.M. Chicago." A month later, the show was No. 1 in the market and renamed "The Oprah Winfrey Show" in 1985.

Winfrey moved to Harpo Studios in 1990 and is credited with transforming the once-gritty industrial area to a neighborhood filled with families and trendy restaurants.

In 2011, then-Chicago Mayor Richard Daley named the street outside Harpo Studios "Oprah Winfrey Way."

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ooo-b-doo March 17 2014 at 1:11 AM

I hope she starts a web-site where you don't have to become a "groupie" or be forced to use the dreaded Facebook.

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michelleshugeass March 17 2014 at 3:51 PM

Judging by the comments here its ok for Oprah to make racist remarks.

Flag Reply +1 rate up
jjones1385 March 16 2014 at 8:29 PM

Anyway, Let's All Try to Get Along, Shall We?

Flag Reply +2 rate up
1 reply
michelleshugeass jjones1385 March 16 2014 at 9:28 PM

JJ Tell the black raicists like Oprah that.

Flag Reply +2 rate up
2 replies
sundaykindofluv1 michelleshugeass March 17 2014 at 4:18 AM

How is she racist??

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aechavis michelleshugeass March 17 2014 at 6:57 PM

Please tell me what has Oprah done or said that makes her a racist? That's probably has to be one of the most ridiculous things I've ever heard anybody say about Oprah. She's not perfect but she Is definitely no racist. The last three letters of your name tells you what you sound like. Please enlighten me as to why she is a racist or was that the only hateful thing you could come up with.

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strut March 16 2014 at 6:48 PM

ALL YOU PEOPLE KEEP SAYING BLACK PEOPLE NEED TO PULL THEMSELVES UP BY THEIR OWN BOOTSTRAPS. WELL OPRAH DID, SHE WAS NOT BORN RICH SO WHY YOU HATEIN? I THINK ALL THOSE WHO HATE OPRAH AND DON'T REALLY KNOW HER, SHOULD GO LOOK FOR THEIR BOOTS!!!!

Flag Reply +12 rate up
2 replies
merstockgto strut March 16 2014 at 7:11 PM

She is such a good person that she would not go see our troops overseas as her safety could not be guaranteed. What a joke.

Flag Reply +4 rate up
aechavis strut March 17 2014 at 7:10 PM

Well said strut.

Flag Reply 0 rate up
bluejeanbabe50 March 16 2014 at 7:33 PM

who cares

Flag Reply +5 rate up
thedreamweaver13 March 16 2014 at 1:33 PM

I would sell harpo studios too and retire very happy go for it !!!!!!!!!

Flag Reply +10 rate up
slaytonc March 16 2014 at 2:07 PM

She found a niche and played to it. She earned her money and fame. Good luck to her and others just like her.

Flag Reply +12 rate up
witchdocb March 16 2014 at 10:10 PM

she wants to sell it because she,s losing her ass on it .

Flag Reply +7 rate up
1 reply
aechavis witchdocb March 17 2014 at 6:49 PM

How do you know that? She's selling it because she is no longer doing her talk show from there and she's no longer using it. Get your facts straight before you put out something you don't know. And even if she was losing her ass on it I doubt very seriously if she's worried about losing any money = she's a billionaire. I hardly think losing money on one building is causing her a lot of heartache. At this point it's probably more of a nuisance than anything else.

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merstockgto March 16 2014 at 7:10 PM

Who really cares?

Flag Reply +6 rate up
Beverly March 16 2014 at 6:31 PM

TO: sdshantasi ............................. If OPRAH lept the building and rents any portion of it out, she must claim the oincome on taxes. In addition, she also is responsible for carrying insurance and maintaining all the upkeep fo the building. By selling it, and then leasing it for her use, she now can claim the rental as a business expense on her taxes. Considering she will have a huge chuck in Capital gains after teh sale, she needs losses to offset her income tax. Trust me, I am sure her attorneys, accountants and business people have all been through this wih a fine tooth comb. When it comes to finances, OPRAH is NO dummy !!!!!!!!!

Flag Reply +3 rate up
1 reply
aechavis Beverly March 17 2014 at 7:21 PM

Beverly you are so right. It's just business. I don't get why her selling Harpo Studio makes her a racist, she only doing the same thing any other business person, black or white, male or female would do. I guess because it's Oprah, how dare she.

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