Cablevision is emerging as the most likely candidate in the bid to buy the Sundance Channel, the New York Post reports. Inside sources told the paper that Cablevision had the high bid in the opening negotiations that began two weeks ago, but the cable giant still faces stiff competition from Time Warner and Viacom. Sundance and its advising investment bank, UBS, are expected to make a decision this weekend, with a projected final purchase price around $500 million.
Cablevision Leads Bidding for Sundance
Apr 25, 2008 • Post A Comment