LX.TV co-founders Joseph Varet and Morgan Hertzan said they agreed...
LX.TV co-founders Joseph Varet and Morgan Hertzan said they agreed to buy Plum TV in a bankruptcy auction. Hertzan and Varet will run the company as co-presidents, they said. Plum TV has cable distribution in Miami, Fla.; Aspen, Vail, Telluride,…
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Colo.; the Hamptons in New York State; Sun Valley, Idaho; and Nantucket and Martha’s Vineyard, Mass. “We plan to rapidly grow Plum TV’s distribution via digital, television and out-of-home media,” Varet said. Court documents show the winning bid in the bankruptcy auction was a $1.17 million cash payment and the assignment of about $14 million in debt.