In a move that's being called a "mutual decision," ABC and Katie Couric will end the talk show "Katie" at the end of this season, the show's second.
Broadcasting & Cable
reports that production will continue on the show until June 2014, but there will be no third season.
A joint statement attributed to Disney/ABC and Couric said, “We’re very proud of everyone’s contributions to making Katie the No. 1 new syndicated talk show of 2012-2013, and we look forward to the rest of the season.”
Couric's deal with ABC reportedly nettet her as much as $20 million annually, and Broadcasting & Cable reports, "That kind of overhead made 'Katie' difficult to renew once it became clear it wasn’t on a growth track."
Last month, Couric announced she would no longer contribute to ABC News and, instead would become Yahoo's global anchor. Brodcasting & Cable reports "that job will remain on the back burner while Couric finishes the talk show’s run."