Jack's an entertainer, not a financier. But he's right about his show: it was excellent.
Starting up a network probably takes a hundred million dollars or more. No problem: a good community-based GLBT network with professional, credible management can attract that kind of cash. Olsen & Schenk could not. They made a HUGE mistake: they lied repeatedly to their shareholders and creditors. So dumb! The stock market stopped trading their stock and their creditors cut them off. The law of the market prevailed, as always: capital flows only to those who manage it well.
If they were honest, kept proper accounting records and maintained transparency, they'd still be there building this network. I don't think honesty was in their nature. They were slimeball businessmen better suited to running a gay nightclub somewhere, not a public venture.
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