"Nightly Business Report" owner weighs his options
Michael de la Merced of the New York Times reports that the owner of the “Nightly Business Report” show on PBS stations around the country has hired an advisor to weigh options for the show that he purchased less than a year ago.
De la Merced writes, “NBR Worldwide, which is led by the entrepreneur Mykalai Kontilai, hired Paramount Media Advisors in recent days after receiving several unsolicited expressions of interest from several media and Internet companies, these people said.
“The current goal is to explore whether the company can forge a strategic alliance with a bigger partner through a minority investment, although a sale of ‘Nightly Business Report’ would also be considered. Any investment would not be meant as a means of shoring up the company’s finances, these people said.
“NBR Worldwide has not established a timetable for considering potential bids, and it may ultimately decide to do nothing, the people added.”
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