The 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.