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Sundance For Sale?

Sundance Channel, a joint venture of NBC Universal, CBS and actor-director Robert Redford, is shopping itself around, says Pali Research analyst Rich Greenfield. He said last week that the channel is seeking $400 million and that Time Warner, Viacom and Cablevision Systems would be plausible suitors. Sundance, available in 26 million homes, wouldn't discuss its plans.