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CNBC Cancels Shepard Smith's News Show two years after he dramatically quit Fox News

Daily Mail logo Daily Mail 11/3/2022 Vanessa Serna For Dailymail.Com

CNBC has canceled Shepard Smith's evening news show two years after he abruptly quit Fox News for a fresh start.

The news outlet announced the cancellation of the former Fox News veteran journalist's show on Thursday - two years after Smith joined CNBC in the fall of 2020.

Smith started his career at CNBC with his own non-partisan show that aired Wednesdays at 7pm EST called The News with Shepard Smith.

The 56-year-old was previously at Fox since 1996 until he dramatically left after 23 years in 2019.

KC Sullivan, who is now head of CNBC after replacing Mark Hoffman earlier this year, told staff that he wants to shift direction toward 'business news.' 

'After spending time with many of you and closely reviewing the carious aspects of our business, I believe we must prioritize and focus on our core strengths of business news and personal finance,' Sullivan wrote. 

'To that end, we have decided that The News with Shepard Smith will have its final newscast later this month.' 

Shepard Smith's CNBC show is cancelled two years after he joined the news group after leaving Fox News

Shepard Smith's CNBC show is cancelled two years after he joined the news group after leaving Fox News
© Provided by Daily Mail

Smith's show will conclude in November and will be replaced by a Business News program at the start of 2023, according to Variety. 

It's unclear who will be the head host of the show.

Sullivan continued: 'I believe this decision will ultimately help to strengthen our brand and the value we provide our audiences. Change is difficult, particularly when talented good people are impacted. 

'Over the coming weeks, we will work across the News Group to identify other potential opportunities for many of the affected employees.' 

Smith's next steps are uncertain, especially after he left Fox News in October 2019 following a spat with conservative host Tucker Carlson. 

Carlson had brought on a guest on his show who said Fox's Andrew Napolitano was a 'fool' for analysis offered on Smith's show. Smith said on the air that Carlson's attack was repugnant and Carlson later mocked him for it. 

During his time there he also faced repeated taunts from Donald Trump as he was one of the network's few critics of the president.

The seasoned journalist went to CNBC is hopes of proving 'Non-partisan coverage of the day's most important stories.' 

Smith previously said that he 'came to CNBC to report the news, without bias, without opinion.' 

In his Thursday memo, Sullivan said that Smith did exactly that. 

'At a time when misinformation and disinformation is rampant, The News succeeded in providing audiences with the clearest understanding of the facts,' Sullivan wrote.  

For nearly two years he worked out of a new studio that was built for him at CNBC's New Jersey headquarters. 

Smith's next steps are uncertain, especially after he left Fox News in October 2019. Pictured: Smith in Time Square in 2020 after he landed his job with CNBC  © Provided by Daily Mail Smith's next steps are uncertain, especially after he left Fox News in October 2019. Pictured: Smith in Time Square in 2020 after he landed his job with CNBC  Former CNBC president Mark Hoffman stepped down voluntarily from his role on September 12 © Provided by Daily Mail Former CNBC president Mark Hoffman stepped down voluntarily from his role on September 12

The move to remove Smith's show is one of Sullivan's biggest moves since he took over from former CNBC president Hoffman earlier this year. 

Sullivan was president and managing director of NBCUniversal's global advertising and partnerships for nearly two years, according to CNBC. 

Meanwhile, Hoffman stepped down for his role on September 12 at his own freewill after serving as president of the news group since 2005.  

CNBC reassured that the shifts, including the decision to replace Smith's show, is not due to budget cuts but rather 'strategic in nature,' the news group said.  

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