2017-03-03 16:16:46 UTC
Nightly Business Report anchor Paul Kangas dies at 79
By Howard Cohen
Paul Kangas, the main anchor of the PBS Nightly Business Report,
developed such a rapport with viewers over his 30 years with the
made-in-Miami TV program, some would trust him with just about
As news of Kangas declining health spread, Linda OBryon, founding
Nightly Business Report executive editor and the original co-anchor
who shared that duty with Kangas for years, began to reflect on their
professional moments together. She remembered a particular caller, a
woman in her mid-90s, who Kangas went out of his way to help.
Once a week, OBryon said, this woman would call into WPBTs North
Miami studio and ask to speak with Kangas. She couldnt see too well
and she didnt trust anyone to tell her what her stocks were doing. So
every week, Kangas would take her call after filming his segment and
go over her portfolio of stocks with her.
Her stocks turned out to be worth a couple million dollars.
The point, OBryon, said, is that someone reached out to Kangas and it
didnt matter who it was. I think that sort of speaks volumes for how
he was so trusted by people who really depended on this information
whether they were investors or not, she said.
Kangas built a sizable national audience for the economic news program
and helped earn Nightly Business Report its only Emmy, for coverage
of emerging trends in China. He had lived in Aventura since the
mid-1970s and died Tuesday at 79 from a series of health
complications, including Parkinsons and advanced prostate cancer, his
stepson Mark Elieff said.
He was a kind, generous man who went out of his way to help people
who were on the way up, Elieff said. Some people dont want to give
away their secrets.
One who watched, and learned, was Tom Hudson, now the vice president
of news and a special correspondent for WLRN radio. Hudson replaced
Kangas on the Nightly Business Report after Kangas stepped down from
his anchor role on Dec. 31, 2009 30 years after initially joining
the program as its stock-market commentator.
Paul was a pioneer of business news on television. When he and
Nightly Business Report began in 1979, investors had to wait until
the next mornings newspaper for closing stock prices. His nightly
stock market reports still resonate through todays ubiquitous market
data, Hudson said.
Even technological advances, like stock apps on cellphones and the
internet, couldnt topple Kangas.
He would tell a story that even after real-time stock quotes were
available online, a viewer would regularly call Paul for closing price
for AT&T because she wanted to hear it from him, Hudson said. I feel
lucky that I was able to share the anchor desk with Paul Kangas, even
if it was only for a few weeks, including a NBR tradition a
black-tie broadcast on New Years Eve.
Kangas, respected for his warm demeanor, intellect and his fast-paced,
fact-packed stock summary reports on air, managed with cheat sheets
that hed make before going on camera, Elieff said. He did it all off
the top of his head; there wasnt a script.
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