http://www.cwfa.org/articles/5469/CFI/pornography/index.htm 4/7/2004
By Martha Kleder
Viacom mogul Sumner Redstone estimates that a “gay-”themed cable channel would “be worth a billion dollars right now"—if he had launched the channel two years ago, according to a report in The Wall Street Journal.
Redstone’s comments came in a conference call to investors and analysts on March 29, 2004, where he apologized for putting plans for a “gay” channel on hold, a mistake he says he won’t repeat. He said the channel would have cost $30 million at startup.
He has ordered Tom Freston, chairman and chief executive of MTV networks, to get such a station on the air as soon as possible.