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Sundance Channel sold for $496M |
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Seth Sutel - ASSOCIATED PRESS
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NEW YORK -- Cablevision Systems Corp. is buying the Sundance Channel, a cable network founded by Robert Redford, for $496 million, the New York-area cable TV company announced Wednesday.
The Sundance Channel will become part of Cablevision's Rainbow Media programming division but will continue on as a distinct network. Rainbow also includes the independent movie channel IFC, AMC and WE tv.
The network was founded in 1996 by the actor-director Redford as an outgrowth of his Sundance Institute, an independent film organization which runs an annual film festival near Park City, Utah.
The channel features independent movies as well as original programming, some of which |
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