TVBizwire

CNBC Buys 'Nightly Business Report' NY Times

CNBC has bought "Nightly Business Report" from the investment company Atalaya Capital Management and will start producing it from its New Jersey headquarters on March 4, reports Elizabeth Jensen in The New York Times' Media Decoder.

While the format will remain the same, CNBC's Tyler Mathiesen will anchor the show with Susie Gharib, the current co-anchor. Gharib is under contract through 2013. The remaining staff of 18 and co-anchor Tom Hudson will depart, the piece adds.

The purchase is "a good thing for the program and for the public television system," said Rick Schneider, the president of the Miami public station WPBT-TV, where the show is now based. "‘NBR’ has always lacked having a major news-gathering organization behind it.”

Jensen notes, "The purchase is the show’s third change of hands in less than three years. In August 2010, Mykalai Kontilai, an entrepreneur and former mixed martial arts manager, bought it from WPBT, which founded the show in 1979 before the era of 24-hour cable business news. Atalaya Capital Management, Mr. Kontilai’s backer, took over in November 2011, after few of Mr. Kontilai’s ambitious expansion plans were achieved."