Categories: OLD Media Moves

"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.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.