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Posts Tagged ‘Tito Ortiz’

CNBC Acquires ‘Nightly Business Report’

CNBC has acquired the PBS series “Nightly Business Report.” CNBC will move production of the show to its Englewood Cliffs, NJ world headquarters. For decades the show was co-anchored from the Miami studios of WPBT, NBR’s founding PBS sponsor.

The show has had several owners over the past several years. In 2010, WPBT sold it to a company run by Mykalai Kontilai, a public television program distributor who was also the manager for mixed martial artist Tito Ortiz. Kontilai sold the show to Atalaya Capital Management in 2011, who sold to CNBC today.

The show has seen cuts as Atalaya looked for a buyer. Seven staffers lost their jobs late last year when the the show’s Chicago bureau closed. The managing editor and executive vice president were also cut last year.

Beginning March 4, NBR will be anchored by CNBC’s Tyler Mathisen and Susie Gharib, the program’s current co-anchor, herself a former CNBC anchor. The network intends to maintain the familiar look, feel and format of the program which is seen on 180 PBS stations nationwide. “We are proud to take the reins of television’s longest running business program,” said Mark Hoffman, CEO of CNBC. “Our goal is to utilize our global editorial resources to both preserve and strengthen “Nightly Business Report.”

The show’s founding anchor Paul Kangas, retired in 2009 after 30 years of hosting the show.

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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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