Plum TV Inc., Affiliates, File Ch. 11 in N.Y.; Plan to Sell Assets in Section 363 Sale

Plum TV Inc., owner of the Plum Network of local cable TV channels, and 10 affiliated entities filed for Chapter 11 protection Jan. 3 in the U.S. Bankruptcy Court for the Southern District of New York (In re Plum TV Inc.).

The debtors are “cross-platform” media companies that operate broadcast television stations in eight targeted luxury markets: Aspen, Vail, and Telluride, Colo.; the Hamptons in Long Island, N.Y.; Martha’s Vineyard and Nantucket, Mass.; Miami Beach, Fla.; and Sun Valley, Idaho, court documents state. The debtors also publish a print magazine, operate an interactive website, and broadcast through other ...