Former Fox News anchor Shepard Smith has agreed to take a job at CNBC.
Smith, who abruptly announced his resignation from Fox News in October, will anchor a new one-hour evening news program titled The News with Shepard Smith, according to the Wall Street Journal. The show, which will debut in the fall, will fill the 7-8 p.m. time slot on the cable news business channel.
The show will be based at the CNBC studios located in Englewood Cliffs, New Jersey, according to the Los Angeles Times.
Smith, 56, said in a statement that he is “honored to continue to pursue the truth, both for CNBC’s loyal viewers and for those who have been following my reporting for decades in good times and in bad.” He added that he believes the network has a “vision for a fact-based, hourlong evening news program with the mission to cut through the static to deliver facts, in context and with perspective.”
“Information is coming at us from every direction,” CNBC Chairman Mark Hoffman said in a statement. “If we’re not careful, life-altering decisions will be made based on half-truth, rumor, misdirection, or worse. We aim to deliver a nightly program that, in some small way, looks for the signal in all the noise.”
Hoffman noted that the addition of Smith will be the only shake-up to the network’s current lineup.
He said that the former Fox News anchor will “serve as the perfect bridge between CNBC’s daytime investor-focused news programming and the network’s aspirational business-oriented entertainment programs in prime time.”
Smith worked at Fox News for roughly 23 years. After he departed, his show, Shepard Smith Reporting, was taken over by Bill Hemmer and rebranded as Bill Hemmer Reports.
Prior to his departure from Fox News last fall, Smith clashed with some of the opinion hosts on the network, including Tucker Carlson.
