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Barbara Walters sat down with Oprah Winfrey on Thursday night, December 9, 2010 for a rare interview with the Queen of Talk regarding the different issues surrounding her - her friendship with Gayle King, her relationship with Stedman Graham, the final season of her syndicated talk show after 25 years on air and her new network OWN (Oprah Winfrey Network) set to launch in January 1, 2011.

Oprah has, yet again, set the record straight about her relationship with King. It's been rumored that the two may have a sexual relationship but Oprah cleared it out, as she broke down to tears, that she is not a lesbian and not even kind of.

The world's most powerful woman also explained about why she and Graham chose not to have children, but somehow considered the idea of adoption in the past.