NBR Pressroom

After 30 Years, NBR's Paul Kangas Wishes Viewers "The Best of Goodbyes"

FOR IMMEDIATE RELEASE

Mark Ballard
mark@rosengrouppr.com
212.255.8455 ext. 237

After 30 Years, Nightly Business Report's Paul Kangas Wishes
Viewers "The Best of Goodbyes"

"The Walter Cronkite of business broadcasting"
-- The Detroit Free Press

Miami, FL (May 7, 2009) -- For 30 years, Paul Kangas has concluded each Nightly Business Report broadcast by wishing viewers "the best of good buys." This play on words will take on new meaning with the announcement that the legendary NBR anchor will be leaving his anchor position at the end of 2009. Kangas plans to stay active in the financial world.

Known for his fast-paced delivery, sharp wit and encyclopedic knowledge of the financial markets, Kangas joined Nightly Business Report when it began as a local program on Miami's public television station, WPBT2, in 1979. While helping to make NBR the most-watched daily business program on television, publications like TV Guide would go on to praise Kangas' "fine stock market coverage." In 2003, Kangas' signature segment, "Stocks in the News," won a Financial Writers and Editors Award from the Medill School of Journalism at Northwestern University as "best broadcast feature or series useful to investors." Most recently, Kangas was named to an Esquire list of "Sixty-Six Guys to Emulate" because, according to the magazine, "he tells the truth about the market when we need it."

"I'm not retiring," explained Mr. Kangas. "Business news is what I know and it's what I am. So I plan to stay involved through speaking engagements, guest commentaries, television appearances and consultation. NBR has a fine nucleus of young talent that works hard to secure the tough interviews and tell the important stories. These people 'get it' and I have no doubt they will carry on with aplomb."

"You don't replace someone like Paul Kangas," explained Executive Editor Rodney Ward. "He's a part of the foundation that we will continue to build upon as we move into the future. We see this as an exciting and unique opportunity to re-establish the program with audiences new and old. You can expect NBR to be fresh, informative and engaging. NBR will expand its analysis of the world of business, finance and investing. We will empower our viewers and website visitors as they make important decisions about careers, jobs, money and investments."

Nightly Business Report has begun its search for a new co-anchor (to join NBR anchor Susie Gharib) who will be announced in the fall.

For more information, or to speak with a Nightly Business Report representative, please contact Mark Ballard at 212-255-8455 or mark@rosengrouppr.com.

About Nightly Business Report: For three decades, the award-winning Nightly Business Report has provided business news in a fast-paced format. Timely investment information helps viewers manage their money and stay abreast of the news that affects their portfolios. Nightly Business Report premiered as a Miami regional program on January 22, 1979, with national distribution beginning in 1981. Nationally underwritten by Franklin Templeton Investments, Nightly Business Report is distributed live to public television stations at 6:30pm EST every weeknight. Local broadcast times vary.

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