Oprah Winfrey: I Have No Regrets

Despite the struggles that Oprah Winfrey has faced since leaving her groundbreaking talk show and launching her own network, Lady O insists that she's happy with her decision.

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"I never regret," Oprah told Nancy O'Dell at O, The Oprah Magazine's O You! event in Los Angeles over the weekend. The media mogul went on to ask, "Would you tell the world on Entertainment Tonight right now -- I have not one regret about leaving that show, because I did exactly what I wanted to do. If I'd have done the 26th year, there is no question that we would've had to go into outer space and take the audience."

Since Oprah has started making more appearances on OWN, the network's ratings have improved, and the TV host let Nancy in on what she thinks was the key to the turnaround.

"What needed to happen was I needed to get my butt over there to Wilshire Blvd. to the network," Oprah said. "It was surprising to me how challenging it was."

Oprah returns to the big screen in Lee Daniels' The Butler, opening next year, and the Emmy winner dished on her sexy love scenes with Terrence Howard.

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"You had to channel your inner bad self," said Nancy.

"Yes I did. Not hard to do when you're working with Terrence Howard, because there's enough bad there to work with," Oprah joked. "That's a bad boy."

Tune in to ET tomorrow night for more of Nancy's one-on-one with Oprah.