Home Dolans Buy The Sundance Channel for $496 Million; Newsday Next? The Dolans bought the Sundance Channel today for $496 million. And what of Newsday? They still have the leading bid. By John Koblin • 05/07/08 9:01pm The Dolans bought the Sundance Channel today for $496 million. And what of Newsday? They still have the leading bid.