`Nightly Business Report' Anchor To Step Down

By: AP
By: AP

NEW YORK – PBS business news anchor Paul Kangas will wish viewers his last "good buy" at the end of the year.

Kangas, anchor of the "Nightly Business Report" since it began as a local show in Miami in 1979, is stepping down. It now airs on 250 PBS stations across the country. PBS hopes to find a new partner for co-anchor Susie Gharib sometime next fall.

Kangas' signature signoff to viewers each night was to wish them "the best of good buys."

"He's part of the foundation that we will continue to build upon as we move into the future," said Rodney Ward, executive editor. "We see this as an exciting and unique opportunity to re-establish the program with audiences new and old."

Kangas, 72, is not retiring. He'll continue to give speeches and TV commentaries, and do consulting work.

"Business news is what I know and it's what I am," Kangas said. "I plan to stay involved."

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