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Oprah Winfrey Opens Up About Her Struggling OWN Network

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Oprah Winfrey arrives at OWN: Oprah Winfrey Network's 2011 TCA Winter Press Tour Cocktail Party at the Horseshoe Gardens at the Langham Hotel on January 6, 2011 in Pasadena, California. Todd Williamson/

Sounds like Oprah's ready to own up to a major career misstep.

During an appearance on CBS This Morning Monday, Winfrey, 58, spoke to her BFF, and the morning show's new co-host, Gayle King about her struggling OWN network, which launched in January 2011.

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"Had I known [creating a network] was this difficult, I might have done something else," Winfrey told King. "If I knew then what I know now, I might have made different choices."

Continued the legendary talk show host, "If I were writing a book about it, I could call the book 101 Mistakes."

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Still, Winfrey says she's determined to not let the pessimism surrounding her network get the best of her. "It's just press," she told King. "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."

In fact, Winfrey said she is aiming to use her time running the channel as a learning experience. "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 shared.

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Despite OWN's troubles, the TV veteran, who left her legendary talk show in May 2011, said she can't imagine ever giving up on television.

"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, as Stedman [Graham] says, 'about two weeks,' because I'm a very driven person," Winfrey shared. "Also, I believe that I am here to fulfill a calling…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."

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