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Posts Tagged ‘Mykalai Kontilai’

New ‘Nightly Business Report’ Owner Put Under the Media Microscope

NBR081810.bmpLast week we reported that Miami PBS station WPBT had sold one of its signature programs, the “Nightly Business Report,” to a group of investors led by former MMA manager Mykalai Kontilai.

Today, Current, a newspaper which covers the public broadcasting industry, and is affiliated with New York’s, published a story looking at the somewhat sketchy past of NBR’s new owner.

Specifically, the author Dru Sefton looks into the more than 20 civil suits leveled against Kontilai or his companies.

“I’m not going to talk about lawsuits,” Kontilai told Current. “I was told this interview would be about NBR and I’d like to focus on that.” He added that as an entrepreneur, “you do have a failure from time to time and hopefully use the experience to grow and hopefully be more successful.”

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PBS’ ‘Nightly Business Report’ Gets Acquired

NBR081810.bmpThe PBS business newscast “Nightly Business Report” has been acquired from WPBT Miami, according to the NY Times.

The buyer? A new company led by Mykalai Kontilai, who was most recently a manager for mixed martial artist Tito Ortiz. Kontilai is not a stranger to public television: before his MMA experience he was a distributor of television programs that many public stations broadcast overnight.

Writes the Times Elizabeth Jensen:

Rick Schneider, WPBT’s president and chief executive, said the program wasn’t for sale when Mr. Kontilai made the approach, but that the sale made sense for WPBT. “They are committed to what ‘NBR’ does and they have the ideas and resources and potential to take it to the next step,” he said. “It is at a point where they as a company can do more things with it than we as a station could.” The show will continue to be produced at WPBT.

Update: The official announcement is after the jump.

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