Shepard Smith To Depart CNBC As Primetime Newscast Is Canceled

deadline.com:

Shepard Smith will depart CNBC as his newscast will have its final episode later this month, ending a two-year effort to establish a presence for the high-profile anchor in the primetime hours.

CNBC president KC Sullivan wrote in a memo that The News with Shepard Smith will have its final episode later this month. The plans are for a new business program in that time slot at the start of 2023. “Decisions like these are not arrived at hastily or taken lightly,” Sullivan wrote. “I believe this decision will ultimately help to strengthen our brand and the value we provide our audiences.” KC Sullivan’s note to staffers is below: Team, 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.

This is key in our efforts to continue building on our position as the number one global business news brand and to connect with new audiences of all kinds interested in their financial future.

We need to further invest in business news content that provides our audiences actionable understanding of the complex developments in global markets and the implications on institutions, investors and individuals.