'Nightly Business Report' to leave Miami after CNBC purchase

[mahatmakanejeeves]

'Nightly Business Report' to leave Miami after CNBC purchase

Posted on Saturday, 02.23.13

By ELAINE WALKER
[e-mail]

The plug is being pulled on Miami’s homegrown Nightly Business Report’s South Florida operation.

CNBC announced Thursday that it intends to purchase the rights to the evening business news program from investment firm Atalaya Capital Management. The show will continue to air on public television, but beginning March 4 it will be produced by CNBC employees from its headquarters in Englewood Cliffs, N.J.
....

All but one of the show’s 21 employees were told Thursday that their jobs were being eliminated after the March 1 broadcast. Co-anchor and Managing Editor Tom Hudson said he is among the nine full-time and three part-time employees in Miami whose jobs were impacted. The layoffs also included employees in Washington D.C. and New York. Employees will receive severance packages, the details of which were not released.

The only Nightly Business Report employee who will remain is co-anchor Susie Gharib, who is based in New York. Gharib will now co-anchor the half-hour show with CNBC’s Tyler Mathisen.

I hadn't known this until Tom Hudson brought it up on last night's (Friday, March 1) show. I think the best anchor they had for the show was Paul Kangas. He was on a few months back.

I am apprehensive.

[elleng]

1. I read something about this occurring a few weeks ago,

and didn't know when it was happening until last night.

Paul Kangas did a bit 'hi and farewell' recently, but hasn't been on the show regularly for more than a year. I was glad to see him go; didn't think he was as 'fresh' or something as I'd like.

Hudson's OK, and glad Susie will remain. She used to be stationed in Florida, right?

I'm somewhat apprehensive too, and hope I can watch next week, but will actually be IN Florida, on vacation, and not sure whether I will be able to do so.

I don't think I've ever watched CNBC.