It is not. Oprah is not the godmother.
She may be a fairy godmother in a non-official sense - she did send baby Blue an entire trunk full of books already - but she hasn't been given any title.
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Beyoncé Knowles and Oprah Winfrey
Winfrey's BFF Gayle King said: "Let me just say, if [this] is true, it is news to her. You know, she was heading to South Africa when the baby was born."
A separate source close to the power couple's camp also tells E! News that this is not true, and that Media Takeout was wrong (in a stunning revelation).
Again, no need to worry, though, as Oprah's close to Beyonce and Jay-Z, so Blue Ivy should still get first dibs on Winfrey's annual Favorite Things list.
YOU get a gold-plated stroller!!!
[Photos: WENN.com]