New York - Cablevision's (NYSE: CVC) Rainbow Media Holdings announced that it has sold off its two video-on-demand services, the education-oriented Lifeskool and sports instruction-based Sportskool.

Bethpage, N.Y. - Cable TV service provider Cablevision's (NYSE: CVC) Rainbow Media Holdings announced on Tuesday that it has completed its $496 million acquisition of Sundance Channel from previous owners NBC Universal, Showtime Networks and entities controlled by Sundance founder Robert Redford.