Programs/Content

After a hard year, NBR investor brings in new management

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Rick Ray considered purchasing public TV’s Nightly Business Report earlier this year but last week ended up as its new c.e.o. instead. Atalaya Capital Management, the New York venture-capital firm that ended up owning the show, was shopping it around in March, said Ray, a veteran media executive who built cable syndicator Raycom Sports. He took a look, was intrigued and spoke with Atalaya. But the timing for a deal wasn’t right at that point, Ray said; he was too busy with several other projects. “But I liked what I saw” in NBR, Ray said.