Summit Media

Community Outreach

Jon Kelly has reached an agreement to purchase the controlling interest held by Highpoint Holdings in the Company
July 27, 2017

BIRMINGHAM, AL–  SummitMedia, LLC announced today that shareholder and private investor Jon Kelly has reached an agreement to purchase the controlling interest held by Highpoint Holdings in the Company. Carl Parmer, SummitMedia Chairman/CEO stated “Jon has been our largest individual shareholder since inception and we are delighted he will become our controlling shareholder pending FCC approval. Not only is he a good friend, but he and his family have a long and incredibly successful history in broadcasting in the United States. His commitment to SummitMedia positions us to take advantage of strategic opportunities and grow our platform in the years ahead.” Frank Kalil, Founder and President of Kalil and Co., added “Jon Kelly has been a dominant force in both radio and television ownership. It is great to see such a successful and experienced broadcaster committed to backing radio, and in a big way.” Garret Komjathy, Senior Vice President, U.S. Bank, Media, Communications and Beverage Division stated “Given U. S. Bank’s longstanding relationship with SummitMedia, we are very pleased to continue our relationship and support of SummitMedia and its investor group. We are looking forward to this next phase in SummitMedia’s growth and expansion.”

 

 

 

 

About SummitMedia, LLC

SummitMedia, LLC is an integrated broadcasting, digital media, direct marketing, and events company focused on compelling local brands, powerful personalities, and meaningful marketing solutions. For additional information contact us at (205) 326-2538

 

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