Luxury TV network reports it's Plum broke, announces looming layoffs
“We've been operating in a very tough media market and economic environment. It became very clear that Plum's revenue projections were lower than expected and their operating expenses were higher,” Plum spokesman Robbie Vorhaus told Real Aspen today. “Plum's leadership realized they were in trouble and wanted to preserve the brand. Unfortunately one of the ways to cut costs quickly is a staff reduction.”
Vorhaus said he was not privy to how many staffers were laid off nationwide or in specific markets.
“There are certainly going to be job losses in Aspen,” he said.
Plum operates cable television stations in eight luxury vacation markets: Aspen, Vail, Telluride, Sun Valley, Miami Beach, Martha's Vineyard, Nantucket and the Hamptons.
“Every one of those offices will experience a significant staff reduction,” Vorhaus said.
Before the layoffs, there were 85 staffers employed nationwide.
The job slaughtering comes just days after Plum's CEO, Jerry Powers, resigned saying the company's board denied his six-figure request to pay bills and make payroll.
“You've got a board with billionaires looking over [85] employees whose checks might not clear,” he told the Miami Herald. “After I started, the board gave us $4 million. But they didn't tell me about the $6.7 million in unpaid bills. The board put in another $5 million this year, and that ran out two weeks ago. On Thursday, the board refused more funding."
When asked if the directors of the television network's board were paid, Vorhaus said that "every situation is different" and declined to say whether they would be hurt financially.
Now that Powers is gone, Tom Scott, Plum's chairman and co-founder, is taking over operations. Scott is the founder of Nantucket Nectars juices.
The company is also suspending Plum Miami Magazine, which debuted in March, and has put its glossy in the Hamptons “on hiatus” until next summer, according to Vorhaus.
Plum is also planning to launch a magazine in Aspen, which “is still on track."
David Cook, publisher of Plum's mountain region and de facto general manager, said that only he and the sales director were retained in Aspen. All of the on-air talent and the Aspen station's other staff have been let go.
"There were substantial layoffs in the midst of a pretty big restructuring that's happening and will be ongoing," he said. "That said, we will be broadcasting live come winter and the magazine in Aspen is coming out as planned."
As it usually does in the shoulder seasons between winter and summer, Plum TV will be broadcasting its "best of" content. "The restructuring came at a good time if you can call it that because we never broadcast live through the shoulder season," Cook said.
Meanwhile, the N.Y. State Department of Labor's Unemployment Insurance Division issued a subpoena to review Plum TV payroll records and books from Jan. 1, 2008 through this past June.
“Plum's attorneys are working with the state of New York to understand exactly what the charges are and Plum is fully complying,” Vorhaus said.
Follow Troy Hooper on Twitter.
13 Comments on "Luxury TV network reports it's Plum broke, announces looming layoffs"
lepetiw688 – Jan. 12, 2023, at 3:27 a.m.
The the very next time Someone said a blog, Hopefully so it doesnt disappoint me just as much as this blog. I mean, Yes, it was my substitute for read, but I actually thought youd have some thing fascinating to say. All I hear is usually a bunch of whining about something you could fix in case you werent too busy in search of attention. UK FAKE DRIVING LICENCE
lepetiw688 – Jan. 18, 2023, at 6:08 a.m.
Hey, you used to write excellent, but the last few posts have been kinda boring¡K I miss your super writings. Past few posts are just a little out of track! come on! fyp138
lepetiw688 – Jan. 20, 2023, at 2:47 p.m.
Have you ever considered creating an e-book or guest authoring on other websites? I have a blog based on the same topics you discuss and would love to have you share some stories/information. I know my readers would enjoy your work. If you’re even remotely interested, feel free to shoot me an e mail. https://ejournal.uimadura.ac.id
lepetiw688 – Jan. 21, 2023, at 2:09 p.m.
The the very next time Someone said a blog, I am hoping who’s doesnt disappoint me up to brussels. I am talking about, I know it was my substitute for read, but When i thought youd have something fascinating to state. All I hear is a number of whining about something that you could fix when you werent too busy searching for attention. צימרים דקה 90
lepetiw688 – Jan. 26, 2023, at 5:34 a.m.
Пакетировочные гидравлические прессы серии ПВМ предназначены для уменьшения объемов макулатуры, картонных коробок и прочих бумажных обрезков, ПЭТ-бутылок, отходов пластика и пленки, а также других отходов производств, ветоши и прочего объемного мусора. Все прессы серии ПВМ комплектуются только высококачественными комплектующими производства Италии и Болгарии. Имеют усиленную конструкци ГИДРАВЛИЧЕСКИЙ ПРЕСС ДЛЯ МАКУЛАТУРЫ
lepetiw688 – Feb. 04, 2023, at 12:50 p.m.
Rattling wonderful info can be found on web blog . stnkslot
lepetiw688 – Feb. 14, 2023, at 12:23 p.m.
I’m impressed, I must say. Genuinely rarely do you encounter a blog that’s both educative and entertaining, and let me tell you, you may have hit the nail to the head. Your thought is outstanding; the pain is a thing that not enough folks are speaking intelligently about. My business is delighted that we found this in my try to find some thing regarding this. credit card processing sales
lepetiw688 – Feb. 16, 2023, at 7:56 a.m.
There are a few fascinating points soon enough here but I don’t determine if I see every one of them center to heart. There is certainly some validity but I am going to take hold opinion until I take a look at it further. Good write-up , thanks therefore we want much more! Included with FeedBurner also สล็อตฝากถอน true wallet เว็บตรง
lepetiw688 – Feb. 17, 2023, at 10:18 a.m.
Youre so cool! I dont suppose Ive read anything like that before. So nice to seek out somebody with some original applying for grants this subject. realy we appreciate you beginning this up. this excellent website is one area that is needed on-line, a person with a little originality. useful purpose of bringing a new challenge towards web! ສະລ໋ອດອອນລາຍ
lepetiw688 – Feb. 20, 2023, at 4:05 a.m.
Slot online adalah permainan terkenal dari 2018 apa lagi anda bermain dalam situs slot gacor bersama lumbung 138 ataupun lumbung138. Apapun yang terjadi pasti anda bisa merasakan profit yang sangat mendukung anda untuk membuat anda kaya raya. Slot online di situs terkenal lumbungslot138 bukan lah main main. Situs slot gacor kami sangat terkenal se asia. Slot online
lepetiw688 – March 12, 2023, at 10:30 a.m.
Your blog has the same post as another author but i like your better.–**” cream chargers for sale
lepetiw688 – March 30, 2023, at 1:12 p.m.
Can I simply say what a relief to seek out somebody who really is aware of what theyre speaking about on the internet. You undoubtedly know the best way to bring a problem to mild and make it important. Extra people need to learn this and perceive this aspect of the story. I cant believe youre not more widespread since you positively have the gift. https://voyance-telephone-serieuse.com
lepetiw688 – Dec. 28, 2022, at 4:06 a.m.
Hey, you used to write wonderful, but the last few posts have been kinda boring¡K I miss your super writings. Past several posts are just a little bit out of track! come on! jaguarqq