CNBC is canceling 'The News with Shepard Smith' and Smith is leaving the network. The former Fox News anchor joined CNBC in 2020 after more than 23 years at Fox News.
“After spending time with many of you and closely reviewing the various aspects of our business, I believe we must prioritize and focus on our core strengths of business news and personal finance,” Sullivan said in the email to employees, CNBC reported. “As a result of this strategic alignment to our core business, we will need to shift some of our priorities and resources and make some difficult decisions.
Sullivan said Smith's show attracted the richest audience of any evening program on cable news, CNBC reported. But the show averaged 222,000 viewers this year, below its 2021 audience, according to Nielsen. For the last three months of 2020, “The News with Shepard Smith” had 280,000 viewers. Competing shows such as"Jesse Watters Primetime" on Fox News Channel, and MSNBC's"The ReidOut" with Joy Reid have attracted 3.4 million and 1.3 million, respectively, Nielsen said.
Smith joined CNBC in July 2020 as the network's chief general news anchor, chief breaking general news anchor, and executive editor of his weeknight show. Prior to that, Smith hosted"Shepard Smith Reporting" from 2013 to 2019 on the Fox News Channel, where he was also chief news anchor and managing editor of the breaking news division.
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