Shepard Smith Leaves CNBC, Will Not Stay at NBC Universal
Shepard Smith will leave CNBC after the network canceled his show “The News with Shepard Smith” and the anchor is not staying at the NBC Universal company.
Shepard Smith will leave CNBC after the network opted to cancel his show “The News with Shepard Smith.”
CNBC president KC Sullivan wrote in a memo to CNBC staffers that Smith’s final episode will come later this month. The objective for the network will be to have 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.”
Additionally, Deadline reported on Thursday that Smith would not take on a different role at another NBCU network, such as transitioning over to NBC News or MSNBC, so it appears as though he’s leaving the company entirely.
“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,” Sullivan added.
“At a time when misinformation and disinformation is rampant, The News succeeded in providing audiences with the clearest understanding of the facts.”
Smith was a high-profile hire for CNBC in 2020 after his abrupt exit from Fox News the previous year, leading to other networks courting him.
Eduardo Razo is the Assistant Content Editor for BNM, which includes writing daily news stories on the news media industry. He can be found on Twitter @eddierazo_ or you can reach him by email at firstname.lastname@example.org.
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Fox News Average Viewers Dropped 32% in May
“ Newsmax saw an increase in viewership, gaining 70% to reach 298,000 prime-time viewers.”
Fox News Channel experienced a significant decline in prime-time viewership in May, following Tucker Carlson’s departure. The channel’s average viewers dropped by 32% to 1.42 million, compared to April’s results of 2.07 million, according to Nielsen ratings.
Despite the decrease, Fox News Channel maintained its position as the cable news network with the highest ratings. MSNBC’s ratings came closer to Fox’s, trailing by just 260,000 viewers, with an average of 1.16 million total viewers. MSNBC lost 12% of its prime-time viewership compared to the previous month.
According to Media Post, CNN also experienced a decline in viewership, losing 16% in May compared to April, with an average of 416,000 viewers. It is worth noting that these results included a highly-rated Town Hall event featuring former President Trump.
On the other hand, Newsmax, a conservative news network, saw an increase in viewership, gaining 70% to reach 298,000 prime-time viewers.
Analysts suggest that Newsmax benefited from Tucker Carlson’s departure from Fox News at the end of April. Carlson had the highest viewership among all cable TV news programs in April, averaging 3.1 million viewers. Following Newsmax was Nexstar Media’s “NewsNation” with 94,000 prime-time viewers, which had an average of 101,000 viewers in April.
In terms of total day viewership, Fox News Channel remained the leader. However, all three major networks experienced a decline compared to the previous year, with Fox at 1.09 million, MSNBC at 736,000, and CNN at 416,000 viewers.
“The Five,” Fox’s roundtable program, was the highest-rated prime-time cable news show in May, attracting 2.63 million viewers.
In the overall rankings among all cable TV networks for the month, Fox News Channel secured the third position, trailing behind TNT and ESPN. TNT and ESPN claimed the top two spots in prime-time for cable TV networks, with 3.1 million and 2.5 million average viewers, respectively. This success was largely due to their coverage of high-profile NBA Playoff games.
Maddy Troy serves as a writer and editor for Barrett News Media, with a specific focus on media business, advertising, and podcasting. You can find her on Twitter @Troy_Maddy.
Fox News Shakes Up Weekends As Steve Hilton Exits
“The new shows are set to launch this weekend.”
Steve Hilton is leaving his Fox News show. He will still be a contributor to the network, but he will take on a new full-time role with what the network calls a “California non-partisan policy organization” that will debut next week.
The exit of Hilton comes on the heels of Dan Bongino’s decision to leave the network. While both moves were the decision of the hosts and not related to layoffs at the network, they do leave Fox News with some holes to fill.
Mediaite reports that Fox will rebrand The Big Saturday Show and The Big Sunday Show as The Big Weekend Show. It will air at 7:00 on both weekend nights. No host has been announced.
Another new show is joining the weekend lineup too. Fox News Saturday Night will air Saturdays at 10 pm. A host has not been announced for that show either.
The new shows are set to launch this weekend.
Laura Ingle Latest Victim of Fox News Layoffs
“A source told Mediaite that the cuts are not related to the more than $787 million FOX will pay to settle the defamation suit filed by Dominion Voting Systems.”
The financial belt is getting tighter at Fox News. Mediaite reports that Laura Ingle was let go by the network on Thursday. She had been a reporter there since 2005.
Ingle came to FOX from radio. She had been a reporter for KFI in Los Angeles. She had also worked in Sacramento for KFBK.
Greta Van Susteren was not a fan of the decision. She took to Twitter noting that she was the one that advocated for the network to hire Ingle in the first place.
Van Susteren left FOX in 2016. She said that she couldn’t help but think that had something to do with Ingle being let go.
A source told Mediaite that the cuts are not related to the more than $787 million FOX will pay to settle the defamation suit filed by Dominion Voting Systems.
November 10, 2022 at 7:23 am
Shepard Smith is the best TV newsman in the business. He was to Television whst Paul Harvey was to radio. Shepard’s neescast were both entertaining as eell as in formative. The management will be sorry for this decision. It appears Spectrum is building its newscast and i hope Shepard lands with them. Goodbye CNBC MSNBC & NBC, helo PBS.