Shep Smith, NBCUniversal’s CNBC host and a former Fox News anchor, reportedly has been terminated from his role as host of one show on the network as they go through major changes.
Senior correspondent at Puck, Dylan Byers, shared the news Thursday afternoon in a tweet.
“SCOOP: NBCUniveresal is about to undergo significant layoffs and cost cuts in the weeks ahead, sources familiar tell me. This will start with Shepard Smith and his team,” Byers wrote.
Smith’s show, “The News with Shepard Smith,” will be replaced with market coverage until a new live show focused on business is determined and can begin production, CNBC reported. They confirm that Smith will officially depart the network toward the end of the month.
“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,” CNBC President KC Sullivan said in an email to employees, according to CNBC. “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.”
The company is reportedly set to help members of Smith’s team find other opportunities at NBC News Group.
“Smith joined CNBC two years ago from Fox News to bolster primetime TV ratings,” the report said. “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 [CNBC President KC] Sullivan. ‘The News with Shepard Smith’ had its largest average audience last month since April.”
CNBC isn’t the first company to undergo a shakeup in recent months. Network CNN has been undergoing an ongoing shift, reportedly in a bid to become more nonpartisan and appeal to more viewers, beginning when new boss Chris Licht ousted liberal host Brian Stelter.
Additionally, with an increasing number of reports saying that he would not be with the network much longer, legal analyst Jeffrey Toobin resigned from his position.
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