Universal Music Group has sold its video channel IMF–which actually had some decent programming, as well as a few blocks dedicated to videos from non-U.S. lands–to Ovation TV, which combines the stodgy ballet-and-books ethos of old-school A & E with incessant reruns of music shows from the UK and Ireland. (It may be the only broadcast outlet in the world that still cares about 1 Giant Leap!) IMF will cease broadcasting entirely sometime in the first quarter of 2008 to give way to Ovation’s programming. [Ovation TV via Video Static]