ET EXCLUSIVE: Nancy O'Dell Celebrates Launch of OWN with Oprah Winfrey

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ET's Nancy O'Dell got in on the excitement as Oprah Winfrey celebrated the launch of her new network OWN and the finale of her show.

"This feels like having a paint box of color," Oprah said of the network that went live on New Year's Day. "That's where this journey has taken me to this."

Oprah told Nancy that she's "very zen" at the launch of her new network and feels it is part of a "supreme destiny."

Nancy commented on Oprah's kick-off speech and how she went up to longtime love Stedman Graham afterwards. Oprah gushed over Stedman, saying, "It takes a special kind of man to stand and step back, be in the shadow of a woman whose face is out there, who has influence, who has a persona of power. ... To stand in the shadow, hold your own space, and allow the light from that to fall on you and not to be threatened by it."

Nancy is also excited to appear on OWN. She is hosting alongside Carson Kressley on "Your OWN Show: Oprah's Search for the Next TV Star" that has 10 contestants competing in hopes of landing their very own cable television show.

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