Misleading
I'm sure the SigEps have a fine, strong chapter at UT, but I think some of what's written is misunderstood. If they are in the middle of a $2 million capital campaign, then the slick publication is part of that campaign, created with an appropriate budget for that purpose. There is no fratrnity chapter in the country that produces regular newsletters year-in, year-out at that cost (although with the expense of postage, the cost can skyrocket). There are some great individual chapter alumni associations in the country, and they all some the same elements in common: they are operated primarily by the alumni themselves with support from the chapter, they have regular communications (doesn't have to be expensive, just regular), and the alumni share a common identity with the chapter that extends over time.
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