The point is moot. Logo is a politically volatile business transaction. Any approach taken to it would possibly create a PR issue for E* and would certainly demolish its family-friendly image. You'll see Disney HD first. The OP doesn't have to like it, but despite all his whining and complaining, Charlie won't carry programming of a "politically incorrect" (not to me, but to your average American family?) nature if it will harm the stock price, and it would.
It's bad PR, and more importantly, it's a bad business arrangement. Despite your sexual preference OP, same-sex personal preference is still a minority in America. That is what makes any targeted programming to that audience a bad proposition. Heterosexuals statistically are the majority, hence the pornographic programming available. It's all about the demographics, no bias necessary.
As far as Oxygen, a minimum of 45-60% of the planet's population at any given point in time is female. That's about 3.5+ billion potential viewers. I'd say it's a good choice.
Nuff said, in nice neat and politically correct terms.