CNBC has canceled “The News with Shepard Smith,” its primetime general news show, to refocus on business and market coverage, reports Alex Sherman of CNBC.com.
Sherman writes, “The network announced the news Thursday in an e-mail to CNBC employees. Smith will be leaving the network later this month, according to a person familiar with the matter. CNBC will replace Smith’s primetime show with markets coverage until a new live show focusing on business news launches in 2023.
“Smith’s show will end at an unspecified date later this month. His team includes about 20 people. The company will work over the coming weeks to help employees affected by the cancellation find other potential opportunities across NBC News Group.
“Smith joined CNBC two years ago from Fox News to bolster primetime TV ratings. His show accomplished that, doubling CNBC’s 7 p.m. ET viewership and bringing in the wealthiest audience of any primetime cable news program over the last two years, according to Sullivan. ‘The News with Shepard Smith’ had its largest average audience last month since April.”
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