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Oxygen

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As Oxygen Media Inc., a cable-television network aimed at women, prepares to launch service this week, it faces stiff resistance from what may turn out to be its toughest audience - cable-TV operators.

The venture capital firm Vulcan Ventures Inc. said yesterday that it would invest as much as $100 million in Oxygen Media Inc., which is building Internet sites and cable television properties for women. Vulcan, owned by Paul G. Allen, a co-founder of the Microsoft Corporation, would get a minority stake in the New York-based Oxygen and a seat on the company's board in return for its investment. The size of the stake was not disclosed. Oxygen also said that Mr. Allen's Charter Communications would distribute the Oxygen network, which is scheduled to begin broadcasting in 2002.

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