CNBC has hired former FoxNews anchor Shepard Smith to anchor an evening newscast for the cable news channel
after asking the channel to step down from his role. He had just signed a multi-year deal with Fox in 2018.
At CNBC, Smith's newscast will be "the perfect bridge between CNBC’s daytime investor-focused news programming and the network’s aspirational business-oriented entertainment programs in primetime,” CNBC chairman Mark Hoffman said in a statement announcing the hire. “Information is coming at us from every direction. If we’re not careful life-altering decisions will be made based on half-truth, rumor, misdirection or worse,” Hoffman added. “We aim to deliver a nightly program that, in some small way, looks for the signal in all the noise. We’re thrilled that Shep, who’s built a career on an honest fight to find and report the facts, will continue his pursuit of the truth at CNBC.
After Smith left Fox, there was speculation that he could end up at MSNBC or CNN, with news outlets reporting that
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Former Fox News anchor Shepard Smith is joining CNBCFormer Fox News anchor Shepard Smith is joining CNBC to anchor a one-hour evening news show that will air weekdays starting in the fall, CNBC said Wednesday. The journalist will assume the new roles of CNBC's chief general news anchor and chief breaking general news anchor, as well as executive editor of "The News with Shepard Smith," the title of his weekday show. Smith comes to the role after 23 years at Fox, where he most recently served as chief news anchor of the network and managing editor of breaking news. Shares of CNBC parent, Comcast Corp. , were down 1.1% and have fallen 12% in the year to date, while the S&P 500 has fallen 2.6%.
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Former Fox News anchor Shepard Smith is joining CNBC for a nightly newscastSmith will helm a new hour-long news cast on the NBCUniversal-owned cable channel.
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