Around the Net

Viacom Plans to Start Gay TV Channel (Dow Jones)

  • , Monday, March 29, 2004 12 AM
Sumner Redstone, Viacom Inc.'s chairman and chief executive, doesn't like to admit mistakes. But he confessed to one this month: The media company shouldn't have abandoned plans it was studying two years ago for a cable network aimed at gays, Monday's Wall Street Journal reported. Such a channel now could "be worth a billion dollars," Mr. Redstone told analysts and investors, and would have cost only $30 million to launch.

Read the whole story at »

Next story loading loading..