- Rainbow Media
Rainbow Media Holdings LLC, a subsidiary of
Cablevision , is an entertainment company in the United States that owns the cable channels AMC, IFC,WE tv ,Voom HD Networks ,Fuse TV , News 12, and several others. It also owns theVideo On Demand networkslifeskool (formerly Mag Rack) andsportskool .Rainbow formerly owned fifty percent of the cable network Bravo, before selling their half to
NBC , giving them full control of the channel. Rainbow also ran the local-mindedMSG Metro Channels , before folding them in late 2005. The company had also founded currentOrlando, Florida MyNetworkTV affiliateWRBW -TV Channel 65 in 1994, which it eventually sold toChris-Craft shortly after affiliating with the now defunctUPN .In 2005, Cablevision considered spinning off Rainbow Media as a publicly traded company, and making their core cable business private, but withdrew the plan. In 2006, a new plan has emerged to privatize all of Cablevision, including Rainbow Media. In January 2007, with no word on if the privatization will go through,
Liberty Media expressed interest in acquiring Rainbow Media from Cablevision. [http://today.reuters.com/news/articlenews.aspx?type=industryNews&storyID=2007-01-03T123403Z_01_N03372036_RTRIDST_0_INDUSTRY-CABLEVISION-LIBERTY-DC.XML&WTmodLoc=NewsArt-C2-NextArticle-2Dead link|date=March 2008]In May 2008, Rainbow Media announced that it had purchased
Sundance Channel for $496 million. [ [http://www.nytimes.com/2008/05/08/business/media/08sundance.html Cablevision Unit Buys Sundance Channel - New York Times ] ]References
External links
* [http://www.rainbow-media.com Official Rainbow Media website]
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