CNBC axes Shepard Smith's nightly newscast after two years

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CNBC axes Shepard Smith's nightly newscast after two years
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CNBC says it is pulling the plug on Shepard Smith's weeknight general interest news program, saying it wants to focus on the network's core strength of business news.

, establishing a general interest news show that aired at 7 p.m. Eastern on weeknights.

His show has averaged 222,000 viewers this year, down slightly from 2021, the Nielsen company said. For the last three months of 2020, “The News with Shepard Smith” had 280,000 viewers. Smith was lured to CNBC by previous chief executive Mark Hoffman. But Hoffman was replaced in September by KC Sullivan, who announced Smith's exit in a memo to staff on Thursday.

He said a business news show will launch in the same time period early next year, but offered no other details.

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