recently announced that she would be leaving her trademark daytime talk show in favor of exploring new opportunities in 2011. The media mogul's latest entrepreneurial venture comes in the form of her own cable-television network -- not surprisingly titled -- the Oprah Winfrey Network (OWN). To launch the new channel, Oprah went right to her new pal Jay-Z for some quality content.

The Wall Street Journal reports that both Jay-Z and Condoleezza Rice will appear on the inaugural episode of one Oprah's new TV series, called 'Master Class.' The show will document politicians and celebrities as they share their life stories with the public. Jay-Z told the WSJ that accepting the slot was a no-brainer. "I didn't even think about it," Hov said, after receiving the request through a phone call. "I just said yes."

The OWN cable channel -- a joint venture between Winfrey's Harpo Inc. and The Discovery Network -- will go live on January 1, 2011. In addition to a slew of new cable series, Oprah will also replace her daytime talk show with a new nightly program called 'Oprah's Next Chapter.' The new show will be a global spin-off of her current show, as she will interview celebrities and politicians while skipping around to locations such as Egypt and China.