This is utter bullcrap! As I said elsewhere, I can think of four DC titles off the top of my head that involve lesbianism: Catwoman, 52, Birds of Prey, and Outsiders. DC tries to act all hip and cool; yet, I would bet portraying the seedy side of male homosexuality took things too far.
The funny thing is, I just read issue #1 and #2 of Justice Society of America, and I kept thinking about the old society members recruiting younger ones, thinking about The Boys the entire time.
This title will be missed; but, you have to think it will be picked up by an independant company.