Oprah Winfrey Previews OWN Network: I Have Never Been More Afraid

Oprah Winfrey
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"I was afraid it wouldn't be what 'The Oprah Winfrey Show' has been, and has meant, for all these years," she says in a new interview.

In the January issue of Oprah Winfrey's O, The Oprah Magazine, on stands Tuesday, the daytime queen previews her new network OWN: The Oprah Winfrey Network, which launches New Year's Day at 12 p.m.

The lineup will include shows from Rosie O'Donnell; Ryan and Tatum O'Neal; Sarah Ferguson, the Duchess of York; and Gayle King.

Winfrey tells editor in chief Susan Casey about taking risks, overcoming fear and her latest venture.

OWN is "a channel where people will see themselves, and their ideals and their values and their hopes, see their struggles, see who they are through the lives of others -- in a real way that enriches them," Winfrey says.

In the interview, Winfrey, chairman of Harpo Studios, was candid in revealing her worries about launching a new network and the uncertainty of the television climate. "I have never felt such fear in all my life ... I was afraid of failing ... I was afraid it wouldn't be what The Oprah Winfrey Show has been, and has meant, for all these years," she revealed. "What I realized is that I've never been afraid before. Not with any decision I've ever made."

O'Donnell, whose new show debuts in the fall of 2011, said her latest project "will be about real people and real issues ... I envision the show being full of love and laughter."

Ferguson discussed her series, Finding Sarah, which is scheduled to premiere in the middle of next year. "It's my hope that in doing this show I'll feel a peace I haven't felt in my whole life, free from my mind tormenting and judging and calling me names," she shared.

Finding Sarah will depict how the Duchess of York will reclaim her life. "Last May, after the incident in Britain with the News of the World journalist, I wanted to talk to Oprah because she's the only person in media I trusted," Ferguson says. "I'm proud to say she's now my friend."

Ferguson had been seen offering acecess to an undercover reporter at the tabloid in exchange for a substantial amount of money.

Another show, Ryan and Tatum: The O'Neals, set to take the airwaves in the summer, follows a father and daughter attempting to rebuild their relationship.

"When Farrah [Fawcett] died, I decided to reach out to my dad. It had been a long time to not speak to my only living parent," Tatum O'Neal tells O. "I thought, 'If something happened to him, would I be able to say I'd done everything I could?' I'm older. I'm more mature now."

Her father Ryan also spoke to O about his relationship with his daughter. "I see other women with their fathers, and there's a bond. There's a love. There's forgiveness. That's what I want and I don't think it's ever too late," he says.

Tatum O'Neal won a best supporting actress Oscar at 10 years old for her role in Paper Moon, the youngest winner ever.

The issue also previews Oprah Presents Master Class and The Gayle King Show.