CNBC to Produce 'Nightly Business Report' for Public TV

[alp227]

Source: B&C

CNBC announced Thursday it will purchase the rights to Nightly Business Report from investment firm Atalaya Capital Management.

Terms of the deal were not disclosed.

Beginning March 4, CNBC will produce Nightly Business Report exclusively for public television from its Englewood Cliffs, N.J., headquarters. It will be anchored by CNBC's Tyler Mathisen and Susie Gharib, the show's current coanchor. CNBC will also continue to produce NBR's popular Nightly News Brief. WPBT2 Miami will remain as the presenting station.

Read more: http://www.broadcastingcable.com/article/491969-CNBC_to_Produce_Nightly_Business_Report_for_Public_TV.php

---

Anyone remember when The Wall Street Journal produced a weekly show on PBS back during when Kenneth Tomlinson chaired the CPB? The current chair of the CPB is former RNC chair Patricia Harrison. Looks like the bad old days are back.

[Cleita]

1. Considering the Koch Brothers seem to be funding a lot of their

shows, I'm not surprised. I stopped watching their news programs years ago. It seems like there will be even less to watch now.

[alp227]

3. Not the NewsHour!

http://www.pbs.org/newshour/aboutus/funders.html
Foundation Funders
S. D. Bechtel, Jr. Foundation
Carnegie Corporation of New York
Bill & Melinda Gates Foundation
Gruber Family Foundation
William and Flora Hewlett Foundation
Howard Hughes Medical Institute
Robert Wood Johnson Foundation
Joyce Foundation
John S. and James L. Knight Foundation
John D. and Catherine T. MacArthur Foundation
Gordon and Betty Moore Foundation
National Endowment for the Arts
National Science Foundation
John and Wendy Neu Family Foundation
David and Lucile Packard Foundation
Park Foundation
Poetry Foundation
Rockefeller Foundation
Skoll Foundation
Alfred P. Sloan Foundation
Starr Foundation
Wallace Foundation

However I know that the Koch Foundation has funded the science series Nova (bummer! one of my favorite shows!) According to Wikipedia's article about David H. Koch, "Koch contributed $7 million to the Public Broadcasting Service (PBS) show Nova,[34] and is a contributor to the Smithsonian Institution in Washington, D.C., including a $20 million gift to the American Museum of Natural History, creating the David H. Koch Dinosaur Wing and a contribution of $15 million to the National Museum of Natural History to create the new David H. Koch Hall of Human Origins, which opened on the museum's 100th anniversary of its location on the National Mall on March 17, 2010.[35] In 2012, Koch contributed US $35 million to the Smithsonian to build a new dinosaur exhibition hall at the National Museum of Natural History.[36]"

See this blog by Lawrence Rafferty "PBS: Why I watch but don't contribute"

[WHEN CRABS ROAR]

10. And for every dollar they contribute they probably get two dollars off their taxes.

[Cleita]

9. I didn't say the Koch Brothers are funding the news. I said I stopped watching

them years ago because they weren't reporting unbiased news. Your list shows all those corporations behind the scenes pulling strings.

[alp227]

11. I still watch pbs news and prefer that over the commercial network news.

PBS does NOT waste time with trivial entertainment items and plays speeches beyond soundbites. PBS and NPR in my opinion are the most reliable broadcast news sources. I also watch Democracy Now and listen to Thom Hartmann, Norman Goldman, and Mike Malloy.

[Cleita]

13. I do Democracy Now!, Thom Hartmann and Rachel Maddow. But mostly I cruise the internet for

news items and some Al Jazeera when I am able to stream. I don't find any of the American TV and radio news sources to be reliable anymore and that includes PBS and NPR.

[OregonBlue]

2. Not good news. CNBC is very right wing-pro oligarch. Bloomberg is much better.

Bloomberg is conservative but next to CNBC they look like screaming libs.

[Kolesar]

5. Yes, CNBC is for unchecked corporate rule

"Prooligarch" is a good term for them.

[KoKo]

7. Yep...CNBC is a deathknell. RW to the Core...

[WestSeattle2]

4. CNBC is the Fox News of business information - a joke.

[BumRushDaShow]

6. "The Wall Street Journal produced a weekly show on PBS"

I remember being a regular watcher of "Wall $treet Week with Louis Rukeyser" where Louis would occasionally bring his dad Merryle on.

I don't think there's anyone on the air today from that old school type broadcast business journalism. If anything, a decision was made to report business like a pro sports commentary show - with the wild mind-numbing stats graphics and head-spinning pans and zooms. Probably why my Mom watches Bloomberg for business reporting nowadays.

My have the mighty fallen.

[Honeycombe8]

8. I loved Wall Street Week with Louis Rukeyser. I didn't understand it and certainly didn't invest.

I didn't have money to invest. But I still found it interesting, and I grasped some of the things they discussed. They talked in layman's terms and were even witty. And Rukeyser was just an interesting fellow. Then there were new suits to run the show, and they kicked Rukeyser off the show! How short sighted. The show cont'd for a while but I don't think was very successful. I know I didn't watch it. It might still be on...don't know. But if it is, no one talks about it, refers to it, and I never run across it.

[alp227]

12. It was canceled in 2005. BUT it has a new life online.

http://www.wallstreetweek.com/

[Honeycombe8]

18. I wouldn't watch it w/o Rukeyser. He was the only reason I watched. nt

[elleng]

16. I watched it, learned from it, and enjoyed it.

Seemed to me that it ended/was cancelled when Rukeyser became ill and then died.

I watch Nightly Business Report now, and hope the info it provides continues. I'm more interested in daily 'stats,' and not so much on any recommendations their guests might make. HOPE it doesn't deteriorate.

[Honeycombe8]

17. No...the new young suits fired him, to bring in fresh blood. He may have been sick before...

I don't think so, but he may have been. But he was definitely fired. They thought he was boring and thought it was time to change the program. Then got sick and died.

Sort of like when CNN started fooling with Crossfire, if you remember that show. A precursor to the political talk shows of today. It was very popular. But then the new suits tried to spice it up, etc., until it became not the same show at all, and it failed and was cancelled.

[elleng]

20. I remember Crossfire,

and as I recall those discussions were civil (compared with the crap drama we see today.) I don't watch CNN now.

[bucolic_frolic]

14. PBS should simply drop the show

if they can't continue an independent voice, a dispassionate
thinking man's market perspective, they should give it up.

It's no longer a show that belongs on Public TV.

I'd rather see them turn to Bloomberg TV to produce it.

Bloomberg has taken Business Week to quite erudite places.

Nightly Business Report was in its heyday with Linda O'Brien
and Paul Kangas. Never been the same since, although Susie Gharib
is quite good.

[shcrane71]

15. Broadcast news has become an oxymoron. nt

[harmonicon]

19. Isn't CNCB the channel that employs the woman who didn't/doesn't know what medicare is? (nt)