In the aftermath of the Dolan family’s failure to take Cablevision private last year, the New York Post reported today that the Dolans are working with Bear Stearns on the possible sale of Cablevision’s Rainbow Media division.

According to sources in the story, the Dolans are exploring with Bear Stearns the possible value of Rainbow Media prior to putting it up for sale.

The Post reported that an alternative to selling Rainbow Media could include having Rainbow buy up other entities.

Rainbow Media counts networks AMC, IFC and We: Women's Entertainment as its most valuable assets.

Past evaluations of Rainbow Media have ranged from $2 billion to $4 billion, with past suitors including Liberty Media. The Post said that potential buyers could include News Corp. 

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