In a move to make herself more "hands on" and involved with her rating challenged cable network, Oprah Winfrey announced today that she will become the permanent CEO and chief creative officer of OWN.

In a statement released today, Winfrey said: "I am ready to dedicate my full creative energy and focus as the full time CEO of OWN, and to unleash the full potential of the network."

It was also announced that, from now on, all future television production at Harpo Studios would be directed exclusively to OWN.

The move comes just two months after the network announced that the original OWN CEO Christina Norman would leave the network and would be replaced by an interim CEO, Discovery Communications COO Peter Liguori.

Winfrey will officially take over her new positions in the fall.