As she’s winding down her famous talk show The Oprah Winfrey Show, the queen of daytime counts down to OWN – The Oprah Winfrey Network – launching on Jan. 1, 2011.

OWN: The Oprah Winfrey Network is set to replace the Discovery Health Channel. The channel’s theme song will be “OWN It!” — recorded by Black Eyed Peas’ star Stars of the network include Rosie O’Donnell, Ryan and Tatum O’Neal, Sarah Ferguson, the Duchess of York, O Editor-at-Large Gayle King, and many others.

On the pages of the Jan. issue of O Magazine, The Chat Show Queen sits down for a candid interview with the host herself about her hopes for the next chapter of her life.

Oprah describes the new OWN channel as: “A channel where people will see themselves, and their ideals and their values and their hopes, see their struggles, see who they are through the lives of others—in a real way that enriches them.”

She might be one of the most influential women in media, but she’s got fears too. Oprah, who is ending her long-running daytime television chatfest after 25 years, says launching OWN is by far the hardest thing she’s done in her career so far.

“I have never felt such fear in all my life. I was afraid it wouldn’t be what The Oprah Winfrey Show has been, and has meant, for all these years,” says Oprah, who has produced TV talk shows for proteges Dr. Phil, Dr. Oz, Nate Berkus, and Rachael Ray. Winfrey also helped launch the femme-friendly Oxygen Network 10 years ago.

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