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- AT&T Sends Controversial ‘American Idol’ Text Message
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- TV Universe Loses 1.5M Due to Digital Transition: DTV Transition News, Updated 10-15-09
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Cablevision Nears Deal for Sundance
Cablevision is close to an agreement to buy the Sundance Channel in a cash and stock deal valued at nearly $500 million, according to people close to the situation.
The cable operator has also made a $650 million bid for Long Island newspaper Newsday.
Owning Sundance will give Cablevision a stronger position in the independent-film programming market, writes the Wall Street Journal. It already owns film channel IFC which, at the end of 2007, was in 42 million homes. Sundance currently reaches 28 million.