CNBC axes Shepard Smith’s nightly newscast after two years

Nov 3, 2022, 11:17 AM | Updated: 12:28 pm
FILE - Shepard Smith appears on The Fox News Deck before his "Shepard Smith Reporting" program on J...

FILE - Shepard Smith appears on The Fox News Deck before his "Shepard Smith Reporting" program on Jan. 30, 2017, in New York. CNBC is canceling Smith's nightly newscast after two years, with its new president saying he wanted to focus on the network's core strength of business news, announced Thursday, Nov. 3, 2022. Smith landed at CNBC after abruptly leaving Fox News Channel in 2019. (AP Photo/Richard Drew, File)

(AP Photo/Richard Drew, File)

NEW YORK (AP) — CNBC is canceling Shepard Smith’s nightly newscast after two years, with its new president saying he wanted to focus on the network’s core strength of business news.

Smith, who is leaving the network, will have his last telecast sometime later this month. He did not have any immediate comment.

Smith landed at CNBC after abruptly leaving Fox News Channel in 2019, establishing a general interest news show that aired at 7 p.m. Eastern on weeknights.

CNBC said Smith’s show attracted the richest audience of any evening program on cable news — usually a huge selling point. But there clearly weren’t enough viewers.

His show has averaged 222,000 viewers this year, down slightly from 2021, the Nielsen company said. For the last three months of 2020, “The News with Shepard Smith” had 280,000 viewers.

By contrast, Fox News’ Jesse Watters had 3.4 million viewers in the same time slot on Tuesday and MSNBC’s Joy Reid had 1.3 million, Nielsen said.

Smith was lured to CNBC by previous chief executive Mark Hoffman. But Hoffman was replaced in September by KC Sullivan, who announced Smith’s exit in a memo to staff on Thursday.

“I believe we must prioritize and focus on our core strengths of business news and personal finance,” Sullivan wrote.

He said a business news show will launch in the same time period early next year, but offered no other details.

The CNBC chief said that “at a time when misinformation and disinformation is rampant, ‘The News’ succeeded in providing audiences with the clearest understanding of the facts.”

Smith worked at Fox from its inception in 1996 until 2019, quitting after a run-in with Fox’s ascendant opinion host, Tucker Carlson. For several years he had anchored a 7 p.m. show on Fox, but it had been moved to the afternoon.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

Associated Press

India’s G-20 energy meet to balance renewables, fossil fuels

BENGALURU, India (AP) — Over 500 energy industry heavyweights and 30,000 participants will descend on the southern Indian city of Bengaluru on Monday to discuss the future of renewables and fossil fuels at India Energy Week — the first big ticket event of the country’s presidency of the Group of 20 leading economies. Speakers, including […]
21 hours ago
FILE - Mega Millions lottery tickets and a wager slip are displayed, Friday, Jan. 6, 2023, in Derry...
Arizona Sports

Drawing nears for $700M Powerball prize, 10th biggest in US

Another huge lottery jackpot will be on the line Saturday for players willing to put up $2 vs. daunting odds of actually winning the prize.
21 hours ago
Chinese spy balloon flies above in Charlotte NC, United States on February 04, 2023. The Pentagon a...
Associated Press

US downs suspected Chinese spy balloon off the Carolina coast

The United States on Saturday downed a suspected Chinese spy balloon off the Carolina coast after it traversed sensitive military sites.
21 hours ago
A man works at an avocado orchard in Santa Ana Zirosto, Michoacan state, Mexico, Thursday, Jan. 26,...
Associated Press

Route to Super Bowl dangerous for Mexico’s avocado haulers

SANTA ANA ZIROSTO, Mexico (AP) — It is a long and sometimes dangerous journey for truckers transporting the avocados destined for guacamole on tables and tailgates in the United States during the Super Bowl. It starts in villages like Santa Ana Zirosto, high in the misty, pine-clad mountains of the western Mexico state of Michoacan. […]
21 hours ago
Associated Press

Iraqi currency crash halts after meeting with U.S. official

BAGHDAD (AP) — Iraq’s currency ended its nosedive after a meeting between the Iraqi Central Bank head and a top U.S. Treasury official. Under Secretary of the Treasury for terrorism and financial intelligence Brian E. Nelson said in a statement Saturday that he had met with Central Bank of Iraq Governor Ali al-Allaq in Istanbul […]
21 hours ago
Associated Press

Gas prices dip in NJ, around nation as cold weather returns

TRENTON, N.J. (AP) — Gas prices dipped in New Jersey and around the country at large as cold weather descended on parts of the nation following an unusually warm January. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $3.42, down three cents from last week. […]
21 hours ago

Sponsored Articles

...
Fiesta Bowl Foundation

Celebrate 50 years of Vrbo Fiesta Bowl Parade magic!

Since its first production in the early 1970s, the Vrbo Fiesta Bowl Parade presented by Lerner & Rowe has been a staple of Valley traditions, bringing family fun and excitement to downtown Phoenix.
(Desert Institute for Spine Care photo)...
DESERT INSTITUTE FOR SPINE CARE

Why DISC is world renowned for back and neck pain treatments

Fifty percent of Americans and 90% of people at least 50 years old have some level of degenerative disc disease.
...
Quantum Fiber

Stream 4K and more with powerful, high-speed fiber internet

Picking which streaming services to subscribe to are difficult choices, and there is no room for internet that cannot handle increased demands.
CNBC axes Shepard Smith’s nightly newscast after two years