After just two seasons on the air, Katie - Katie Couric's talk show - will be coming to an end.

Couric and Disney/ABC released a joint statement about the announcement, claiming that the cancellation was mutual between them: "We're very proud of everyone's contributions to making Katie the No. 1 new syndicated talk show of 2012-13 and we look forward to the rest of the season."

Although the talk show was one of the highest-rated programs that premiered in syndication last Fall 2012, subsequent ratings have not been too kind. Combined with the series' production costs, industry analysts point to these factors in the show's cancellation.

Katie is expected to finish out its second season, airing its final episode in June.

Couric left CBS News in 2011 to launch Katie and will now be heading over to Yahoo News next year to be their global anchor.