Shep Smith, former Fox News anchor and host of CNBC at NBCUniversal, has reportedly been fired from his position as the network undergoes major changes.
Dylan Byers, a senior correspondent at Puck shared the news on Thursday afternoon.
Sources familiar with the matter tell me that SCOOP: NBCUniversal will be undergoing significant cost reductions and layoffs in the coming weeks. Byers tweeted that Shepard Smith will lead the charge and his team would follow.”
CNBC reported that Smith’s show “The News with Shepard Smith” will be replaced with coverage of markets until executives create a new live show focused on business. According to the report, Smith will leave the network at the end of the month.
CNBC President KC Sullivan stated in an email to employees that “after spending time with many people and carefully reviewing the various aspects our business, we must prioritize and concentrate on our core strengths, business news and personal finances.” According to CNBC, “This strategic alignment with our core business will require us to shift some priorities and resources, and to make difficult decisions.
According to reports, the company will help Smith’s colleagues find other opportunities at NBC News Group.
After leaving Fox News, Smith joined the network.