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More shake up at Summit Media Greenville?

A

awp69

After some changes last week with a contract for the X and Chuck PD not being renewed, I'm hearing through the grapevine that Elroy Smith has left by his own choice. This leaves no true PD at Summit Greenville including the market leading WJMZ.

Although Elroy made the choice to leave (from the rumors I've heard), I'm wondering if there may be an effort to consolidate Summit programming to be centered at corporate (Birmingham). Maybe just a smaller crew in Greenville to make it local?

Not sure but interesting stuff.
 
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Ughh...hate the lack of editing after a while.

But Elroy was also the OM, of course. So big change. I suspect there is more to the story than just another job, but don't have much more info yet.

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And someone needs to respond so I can get to post 1000! :)
 
Although I've had no inside information, I've wondered for awhile whether SummitMedia is for sale. To this outsider, that company seems to be having a lot of problems. I can't, however, imagine who'd buy it. Cox doesn't seem to want those stations back, and Alpha couldn't likely afford the roughly $70 million it would need to buy it after all the trouble closing the Digity deal (plus it would have to deal with spinoffs in Louisville and Richmond).
 
Kent said:
Although I've had no inside information, I've wondered for awhile whether SummitMedia is for sale. To this outsider, that company seems to be having a lot of problems. I can't, however, imagine who'd buy it. Cox doesn't seem to want those stations back, and Alpha couldn't likely afford the roughly $70 million it would need to buy it after all the trouble closing the Digity deal (plus it would have to deal with spinoffs in Louisville and Richmond).
Click to expand...

Yeah, Summit had some prime stations (including the top three stations in Birmingham and longstanding #1 in Greenville) but it does not seem to be managed very well and don't think its overall health is too good.

I think the former Cox people who bought it out from their former employers bit off more than they could chew and are saddled with a ton of debt.
 
Beasley has been rather active lately, especially with the swaps with CBS. Most of the Summitmedia clusters (especially Greenville/Spartanburg and Richmond) would fit very well with their portfolio from a geographic standpoint.
 
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