Barbara Walters: Be So Good That You Become Invaluable

"You don't even realize there were no women in [broadcast] television," Oprah told her audience, giving historical context to the trailblazing career of Barbara Walters. In 2004, the legendary newswoman came on The Oprah Winfrey Show to talk about her retirement after 25 years on 20/20.

Oprah asked Barbara about the difficulty she had faced in 1976 as the first female anchor of a network news program. Although just being named to the position was a breakthrough in and of itself, Barbara recalls her time on the ABC Evening News as "an enormous flop." Her male co-anchor did not want her there, and it did not end well.

Still, she says, it was an experience that would eventually lead to success. "I had to work my way back," Barbara said.

Find out why Barbara said her failure was the best thing that ever happened to her. Plus, hear the advice she gives to other women in the industry.