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