After a hard year, NBR investor brings in new management

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.