ABC Officially Cancels "Katie"

Posted Thursday December 19, 2013 10:03 PM GMT

Its fate was foreshadowed when she announced her exit from ABC News, and now Katie Couric's talk show has officially been cancelled.

According to a joint statement from Disney/ABC and the 56-year-old host, "While production will continue on Katie through June 2014, we’ve mutually agreed that there will not be a third season of the show. We’re very proud of everyone’s contributions to making Katie the #1 new syndicated talk show of 2012-2013 and we look forward to the rest of the season."

After news broke that the journalist would be leaving ABC News earlier this year, she also announced a new project, teaming with Yahoo to become their "Global Anchor."

The deal will earn her about $6 million per year, but that's small potatoes compared to Katie's $20 million annual contract with ABC.

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