OPRAH MAG, SHOW CANNED

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Corpulent chat host Oprah down one mag, ankles own show.

Spinoff glossy O at Home will spun back into original big O vanity mag The Oprah Magazine, Hearst PR announced.

"Hearst will consolidate the content of O at Home back into its flagship, O, The Oprah Magazine," the flack text read.

ALSO: Discovery Channel CEO David Zaslav told Daily Variety The Big O would be ankling her talk-show in 2011 to focus on coventure OWN – an entire Oprah channel to launch next year.

No sooner than that leaked than spokesmen for Winfrey’s Harpo Productions clarified no formal decision has been made.

Why would there be especially in today’s financial market – even Oprah’s gotta be hurting with one less mag to bolster her billions.