CNBC Buys ‘Nightly Business Report’ From PE Firm

Law360, New York (February 22, 2013, 4:42 PM EST) -- Business news network CNBC will purchase the rights to “Nightly Business Report” from private equity firm Atalaya Capital Management LP in an attempt to breathe new life in to the public television staple that has struggled in recent years, the station said late Thursday.

Financial terms of the deal were not disclosed, and CNBC did not outline its financing plans. The 24-hour news network said it will take over production of the show beginning March 4, shifting operations to its New Jersey headquarters from the show's...
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