New owners have rescued Plum TV -- the small cable network targeted to the utra-rich -- from bankruptcy.
Joseph Varet and Morgan Hertzan, who co-founded lifestyle entertainment content
producer LXTV, bought Plum for $1.7 million. They plan to broaden the channel's audience "to include the wealthy along with the super rich," using content in upscale magazines like Architectural
Digest as a model, writes Joe Flint.
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