Media mogul Oprah Winfrey traded places and took on the role as guest on CBS This Morning.

On the show, co-hosted by her BFF Gayle King, Winfrey admitted her mistake regarding the decision to create OWN (Oprah Winfrey Network) and surprisingly…  she says if she had to do it all over again, she probably would NOT have done it!

The idea of creating a network was something that I wanted to do. Had I known that it was this difficult, I might have done something else.

I didn’t think it was going to be easy, but…if I knew then what I know now, I might have made different choices. If I were writing a book about it, I could call the book ’101 Mistakes.’

That doesn’t mean she’s quitting though…

Details + watch video of Oprah’s CBS Good Morning interview below…

VIDEO: Oprah Re: OWN Network

Winfrey explained that one of her biggest mistakes was was going live before the network was fully ready to be launched.

“It’s like, having the wedding when you know you’re not ready. And you’re walking down the aisle and you’re saying, ‘Oh, I don’t know if we should be walking down the aisle. Maybe we should have postponed this. … I would have probably waited until I actually finished ‘The Oprah Show.’

Because from the day that David Zaslav (the head of Discovery Communications) came in to see me, I said to him, ‘The thing that I’m worried about who’s going to lead this train because I can’t do it.’ I know how hard it is to do a daily show…and I’m in Chicago and that’s in Los Angeles. That’s going to be very hard.
Last year, actually, I was sitting literally at the feet of (TV executive) Lorne Michaels, and he said, ‘You have no idea what you’ve stepped yourself into.’ He also said, …’You’ll have moments of schadenfreude where people – no one wants to see you come off ‘The Oprah Winfrey Show’ of all those 25 years of success and step right into the network business. You’ve got to pay your dues.’

When asked if she would ever QUIT… I think you already know the answer to that question.

“The reason why I wouldn’t do that, first of all, I would be happy in my garden under the tree with my dogs, reading a book. I’d be happy with doing that. (My partner) Stedman (Graham) says, ‘About two weeks.’ Because I’m a very driven person.

Also, I believe that I am here to fulfill a calling. That because I am a female who is African American, who has been so blessed in the world, there’s never going to be a time to quit. I will die in the midst of doing what I love to do. And that is, using my voice and using my life to try to inspire other people to live the best of theirs.”

Oprah’s friend Gayle King asked if she ever thought enough is enough, asking, “Didn’t you have a moment where you go, ‘God. … I don’t need it, I don’t need another pair of shoes?”

Winfrey replied:

“I thought that last week with all the negative press,”"You know, it’s just press. It’s just press. It’s just press. You know, because a thing appears to not be doing well, and I’d like to say this to everybody: because you failed at something, which we haven’t failed, but just because you fail doesn’t make you a failure.

When you know that in the core of yourself, you can keep trying or you can use whatever is happening in that moment to say, ‘Maybe I need to move in a new direction.”

She added, “Actually, I feel better about our network now today than I ever have.” (READ MORE)

So NO… Oprah is not gonna quit and failure is NOT an option.

VIDEO: Oprah on Love, Friendship & Philanthropy

Do you miss the daily Oprah Winfrey show?

What do you think would make OWN more attractive to viewers?

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