Stocks Morning Report
Stocks Morning Report
PBS Station sells Nightly Business Report
PBS’s “Nightly Business Report” is by some measures the most popular business news program on television. Coming on Mondays, The program was first broadcast was on January 22, 1979. The original co-anchors were Linda O’Bryon and Merwin Sigale, with Paul Kangas providing the daily stock market report. The show was seen only on WPBT at first, but in 1981 NBR was distributed nationally.
Alumni of the program’s anchor desk include the late Del Frank as well as Dean Shepherd, Jim Wicks and Cassie Seifert. Other notable people at Nightly Business report included John Defterios and Neil Cavuto. There was a 15-minute morning version of Nightly Business Report called Morning Business Report during the mid-1990s.
Speaking about theme and bumper music that was used from January 22, 1979 to January 1, 1988 was composed by Edd Kalehoff, also known for themes on other television series and game shows. The original Kalehoff theme was used from January 4, 1988 to November 15, 2002. Along with an update to the graphics and presentation, the theme was updated in November 18, 2002 and was used until January 1, 2010. A new theme, new logo, and new set for the show’s Miami headquarters debuted on January 4, 2010. However, the 2002 theme is still used during the index of daily stocks presentation.
Nightly Business Report has won several awards for its news coverage. In 2005, the program won its first national Emmy for its series on “China’s Emergence as an International Economic Power.” In 2008, NBR won a Gerald Loeb Award for “India’s Promise,” a five-part series on the Indian economy.
In August 2010, it was announced that WPBT-TV had sold the show to NBR World Wide, a newly-formed privately held company headed by Mykalai Kontilai, a former manager of mixed martial arts and distributor of instructional television programs; he and his business partner, Gary Ferrell, a former president and chief executive of North Texas Public Broadcasting, first proposed the sale in February. According to WPBT, the station will continue to produce the show, and the sale reflects their assessment that NBR World Wide has “the ideas and resources and potential to take it to the next step” and “can do more things with it than [WPBT] could.”
Rick Schneider, WPBT’s president and chief executive, said the program was not for sale when Mr. Kontilai made the approach, but that the sale made sense for WPBT. “They are committed to what ‘N.B.R.’ does, and they have the ideas and resources and potential to take it to the next step,” he said. “It is at a point where they as a company can do more things with it than we as a station could.” The program will continue to be produced at WPBT.
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