Exclusive: Steve Pruett Resigns as CCA CEO

Focused solely on startup station group venture

By Michael Malone -- Broadcasting & Cable, 2/5/2013 10:49:16 AM

Steve Pruett has resigned as CEO of Communications Corp. of America (CCA) to focus on a startup station group venture. According to sources within the company, Pruett announced his departure to staffers late last week; his last day was Feb. 1.

No successor has been named.

Silver Point Capital is the majority owner of CCA, which owns or services 25 stations in Louisiana, Texas and Indiana. A rep for Silver Point did not return a request for comment at presstime.

CCA hired investment banking firm Houlihan Lokey to look into various options for the broadcast group, including a sale.

Pruett could not be reached for comment. His departure is not a surprise, as he is focused on launching a group comprising smaller market TV stations. Stations from the likes of Barrington, Cox and even CCA might end up as part of the venture.

Pruett is also the Fox affiliates board chairman, a role he is expected to continue in.