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Sale signs at Sundance net


March 20, 2008 Sundance Channel, the joint venture among CBS, NBC Universal and Sundance founder Robert Redford, is on the block, Wall Street analyst Rich Greenfield said. Greenfield, the Pali Research analyst who tends to make more audacious pronouncements than some of his peers, issued a report Tuesday declaring a potential sale: "According to multiple Pali sources, (Sundance Channel) has been put up for sale over the past several weeks." If Redford would give up his 10% stake in the channel (NBC Uni owns 55% and CBS 35%), it could change what is now an informal relationship between the network and the Sundance Film Festival and Sundance Institute.

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