Oprah’s contract with CBS will expire in 2010, so does this mean she’s leaving the channel for good or she’s going to renew her contract? Well, there are lots of rumors going around. One of the loudest is that, she’s moving her daytime chat show to her very own network. Did you know that she has her own network now too? It’s the Oprah Winfrey Network or OWN.

This rumor sparked a lot of questions about what the outcome would be if CBS no longer have The Oprah Show. And if Oprah decides to totally ditch her show, would OWN really succeed? Well, these are only some of the questions that Oprah needs to address as soon as possible.

But wait! What really sparked this rumor? It’s not primarily the expiration of Oprah’s contract with CBS, rather, it is the announcement that Lisa Erspamer, co-executive producer of Oprah’s show will be joining OWN in January as its chief creative executive.

Well as they say, where there’s smoke there’s fire. I personally think that Oprah is just biding her time. Before you know it she’s already fully committed to OWN in Los Angeles. Lisa Erspamer’s move will just make the way smoother for her.