Don't peek -- which would you think is cheaper? A fiber-to-the-premises network touching 36,000 residents and businesses, or a 12-year old television channel? If you guessed the latter, you'd be badly mistaken. While iProvo was sold for a mere $40.6 million
, Rainbow Media, the cable programming subsidiary of Cablevision, had to cough up nearly half a billion dollars ($496 million, to be precise) in order to claim the Sundance Channel as its own. Yes, the Sundance Channel
. Richard Greenfield, an analyst with Pali Research, seems to think that Cablevision may try to combine its newest acquisition with Independent Film Channel, which just so happens to have a high-def counterpart
. Of course, it's hard to say what will happen with it so soon after the buy, but if the sale ends up creating another (or more widespread) HD channel, we're all for it.