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The Real Reason: Why Was Shepard Smith Fired From CNBC?

Shepard Smith left Fox News in 2019, to the surprise of his coworkers and the TV news business. He made his return to TV when he joined the business news channel CNBC. With the aim that he can pull as many viewers as he can to the network. CNBC hired him to anchor a sharp daily news program, and while he increased the channel’s viewership at 7 p.m., double the outlet’s prior viewers in the hour, they never came close to matching those of the other cable news networks like Fox News, MSNBC, and CNN.

Unfortunately, Shepard Smith is currently confronted with a final ring at the CNBC business news network, just like many other fellow TV anchors. As a turn of events, CNBC has decided to cancel Stephen Smith’s newscast as it is trying to focus more on business and financial news. The News with Stephen Smith aired its last episode in November.

Why Was The Show Cancelled?

The termination of Smith’s 7 o’clock program marks Sullivan’s first significant action since succeeding long-standing CNBC president Mark Hoffman in September. Smith’s broadcast will be succeeded in early 2023 by a business-focused program, according to Sullivan, who told staff members he intended to devote additional resources to financial news.

shepard smith fired from cnbc

In his published memo, Sullivan stated that everyone must prioritize and concentrate on their core strengths, i.e., business news and personal finance. He also mentioned that after spending time with many of the employees and carefully examining the different facets of the business, he concluded. However, Sullivan admitted that the “strategic restructuring” would need “some tough judgments.” Roughly 20 people were working on Smith’s program.

According to Sullivan, the News Group will work together to discover additional possible opportunities for the crew. Smith’s initiatives earned recognition from CNBC’s Sullivan. Although the show’s audience did not surpass its rivals, CNBC claimed it garnered the most wealthy audience amongst cable-news shows.

shepard smith fired from cnbc

The newscast has bid adieu to the network and has welcomed a replaceable timeline. The replacement has already been decided, but the title and the cast still need to be discovered. This is CNBC’s first move underneath the leadership of KC Sullivan, who took over earlier this year following the resignation of veteran boss Mark Hoffman. Sullivan is aware of the requirements of financial viewers. He formerly served as CNBC’s chief financial officer and the broader array of news sites owned by NBCU.

Shepard Smith’s Never ending of Ordeal

After departing the right-wing broadcaster Fox News due to differences with recent editorial choices, Smith got recruited by Hoffman. When Hoffman first hired Smith, Hoffman reportedly gave him CNBC’s vision for a reality-based, hour-long evening news program to break through all the junk to state facts in-depth and with viewpoints.

The anchor arrived with well-earned respect for blunt delivery and a firm dedication to unbiased reporting. Smith informed listeners in the closing seconds of his debut show in 2020 that his program would provide insightful, unbiased reporting without favor or fear. He developed a reputation for comparable flair throughout his protracted employment at Fox News Channel.

shepard smith fired from cnbc

Shepard Smith and Tucker Carlson

After an argument with evening anchor Tucker Carlson, whose demeaned statements were uttered by a guest on Smith’s usual afternoon program, he quit that platform. Smith left the Fox Corp.-backed site in 2019, despite having enough time left on his agreement, which caused controversy in the media and renewed focus on the mix of factual and comment programs there. 

What’s Next For Smith?

After the shearing move, Smith is again on the dandle of his career. He will likely leave the CNBC network and look for other opportunities. With his bold nature of producing the facts & of course, his high viewership, any competing news channel may offer him a new contract anytime soon. Smith may have different options to explore. He appears to be the ideal fit for CNN as it expands through Warner Bros.

shepard smith fired from cnbc

Discovery because of his unwavering commitment to “simply the truth.” Since the news on Wednesday that Jake Tapper will resume the late-afternoon show program, “The Lead,” post the elections, the channel has yet to disclose its future initiatives for the 9 p.m. slot. Follow our page for more international gossip, and we will keep you updated. Do comment with your views on Shepard Smith being fired from CNBC.

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