Dru Sefton of Current.org reports that Mykalai Kontilai, whose NBR Worldwide this month purchased the “Nightly Business Report” show last week, has had businesses that have been involved in more than 20 lawsuits in the past decade.
“‘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.’
“Kontilai later sent Current this statement through a spokesperson: ‘No company for which I have a current executive management or directorship role is involved in any type of litigation. Nearly 100 percent of the past lawsuits that have been referred to are attributed to a one-time business closing almost 10 years ago. The suits were ‘collection-related’ in nature following the company’s closing.’ Current could not independently verify those facts before press time.
“Rick Schneider, president of WPBT, the producing station that sold Nightly Business Report to Kontilai, said both sides completed the customary due diligence process before inking the contract Aug. 13.”
Read more here.
Aruna Viswanatha has been promoted to Washington enterprise editor. She will report to Damian Paletta.…
Bowdeya Tweh has been promoted to Chicago bureau chief at the Wall Street Journal, reporting…
Fierce Healthcare has promoted Heather Landi to executive editor. She has been a senior editor.…
Business news site Quartz has hired Audrey McNamara as breaking news editor. In her role,…
Mark Stenberg of Adweek looks at how publishers such as Bloomberg and Axios are generating…
Reuters has won the National Headiner Award for business news coverage for its stories about…