Dude, I dunno why these people are telling you the booolshit. It was about 10k a couple of years ago. Now you can do it for 3k. There are some insane deals on pics and video for just $999 that will give you everything you need to start. You can get a decent design for about $500. Hosting for $100 and then pay Visa. Just do a search for the deals I mentioned.
A quick note, it's not always necassary to have exclusive content or things like that contrary to what some content producers will tell you. What is necassary is having a good theme for your site and figuring out how you are going to package and present your content in accordance to your theme.
