A new deal with Weight Watchers has Oprah Winfrey losing weight while gaining pounds of cash.
FOX News Radio's Michelle Pollino reports:
When you are Oprah Winfrey, what you touch turns to gold and her midas touch has now extended to Weight Watchers as the media giant is joining the company as a shareholder paying about $43.2 million for a 10% stake...
In the deal, she has also agreed to let Weight Watchers use her name, image, and likeness for its products and services. Additionally, she will make appearances on the company's behalf.
So as the media mogul sheds pounds her bank account will increase. When the announcement went out, shares of Weight Watchers nearly doubled.
Michelle Pollino, FOX News Radio.