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TheBuzz

BY ERIKA ENGLE



Louis’ new
local air time


Madonna reinvents herself much like a business rebrands itself. Louis Ruk-eyser will be "repurposing" himself.

Hawaii Public Television has announced that "Louis Rukeyser's Wall Street," the new show to be produced by CNBC, will also air Friday nights on PBS station KHET in an arrangement known in the industry as repurposing.

The show will air initially on CNBC at 2:30 p.m. Fridays (Oceanic analog channel 39, digital channel 116; Craig Wireless channel 43). KHET will air the show at 10:30 p.m., according to spokeswoman Kay Kasamoto.

The program's rotating three-person panel of market experts will first include Frank Capiello, president of McCullough, Andrews and Capiello; Marry Farrell, managing director of PaineWebber and Marty Zweig of the Zweig Funds. Rukeyser's special guest will be Abby Joseph Cohen, analyst at Goldman Sachs.

KHET is unable to air the program at Rukeyser's familiar 7:30 p.m. time slot because of restrictions against Friday night rebroadcasts imposed by CNBC.

However, Hawaii's time difference from the mainland worked in KHET's favor, Kasamoto said.

Rukeyser's former show, "Wall Street Week," produced by Maryland Public Television, will continue to occupy the 7:30 slot until the new "Wall Street Week with Fortune" makes its debut June 28.

"We remain committed to keeping Friday nights as the place to go for news, public affairs, discussion and financial analysis and want to offer a variety of programs to help meet the needs of our diverse audiences," said Ed McNulty HPTV vice president of programming.

New life for old KDEO

The old KDEO building in Waipahu is undergoing major renovation; to house not another radio station but another type of business.

Real estate developer Lesley J. Murakami last year bought the building from California-based Loew Broadcasting Corp. for conversion to an adult care home, he said.

The old, run-down building had been occupied by radio stations including KDEO "Country Radio" and "Radio Free Hawaii" and had a severe rat infestation problem before it was vacated by its last radio tenant, Caribou Broadcasting in the late 1990s.

"Demolition started in late December," Murakami said. Transformation of the building, originally built in 1958, should be complete by the end of next month.

His plan is to find a buyer certified to operate such a care facility.

The building was first used as a movie and television studio, according to online city and county records.





Erika Engle is a reporter with the Star-Bulletin.
Call 529-4302, fax 529-4750 or write to Erika Engle,
Honolulu Star-Bulletin, 500 Ala Moana Blvd., No. 7-210,
Honolulu, HI 96813. She can also be reached
at: eengle@starbulletin.com




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