Here's an excerpt from the Washington Post article:
BenedictXVI.com is not Cadenhead's first celebrity domain purchase. In 1998, he bought Drudge.com in response to the rising popularity of the Drudge Report (http://www.drudgereport.com), an Internet gossip and news site. He still runs the "Drudge Retort" site as a liberal response to its enormously popular namesake.
Cadenhead said he hasn't decided what he will do with the Benedict domain, but he vowed he will not pawn it off to the highest bidder.
"Whatever decision I make will be guided by the desire not to make 1.5 billion people mad at me . . . including my grandmother," he said.
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