Jan 4, 2018 (Mt. Laurel, NJ) — TelVue Corporation announced today the establishment of an Employee Stock Ownership Plan (ESOP), which effectively transfers ownership of the company to all current employees.
The restructured TelVue Corporation will continue to offer the same great products and services and operate from the same offices in Mount Laurel, New Jersey. TelVue’s valued clients will be supported by the same Sales, Engineering, and Technical Support staff trusted in the industry. Jesse Lerman will continue as President and CEO of the restructured and employee-owned TelVue.
Jesse Lerman said, “The TelVue staff have been the core of our business and it is extremely important to reward them for their passion, loyalty, and most importantly, their competence serving our customers. I’m excited to take our already strong and innovative culture to the next level by instilling an ownership mentality that connects employees’ everyday work to a higher purpose.”
TelVue® Corporation is a broadcast technology innovator and leader in high quality, cost-effective community and hyperlocal television broadcast delivery. Founded on a belief that innovation in digital media technology is critical to ensuring ongoing community access and use of broadcast media for the advancement of democratic ideals, TelVue today powers over 2,500 channels, and serves over 50 million households nationally. TelVue Corporation is a 100% employee-owned company.