New York—”Nightly Business Report,” a daily business news television program broadcast on PBS stations, has been sold for the second time in 15 months.
Atalaya Capital Management has acquired the program from NBR Worldwide, which itself acquired “NBR” in August 2010 with an eye to expanding the brand. Financial terms of the deal were not disclosed.
“When we purchased "NBR,' we pledged to expand the program through new growth initiatives while, at the same time, fully preserving the tradition of balanced reporting and analysis that has made it the highest-rated business television program for the last 30-plus years; and we feel great about sticking with our pledge,” Mykalai Kontilai, chairman-CEO of NBR Worldwide, said in a statement.
Under NBR Worldwide's ownership, the number of public stations carrying the show increased to 350, SiriusXM Radio began airing the show and four new bureaus were opened (in Denver, Houston, Phoenix and California's Silicon Valley).
The management team put in place by Atalaya Capital will be led by Rick Ray, who along with his wife, Dee, is the founder of Raycom, a producer of sports programming.