Silver haired journalist, Anderson Cooper is coming to the end of his run on daytime television; Warner Brothers syndication arm has decided to cancel Anderson Live, The New York Times reports.

Warner Brothers released a statement on Monday, saying that the show will finish its second season before going dark in the summer of 2013.

“We are extremely proud of Anderson and the show that he and the entire production team have produced. While we made significant changes to the format, set and produced it live in its second season, the series will not be coming back for a third season in a marketplace that has become increasingly difficult to break through. We will continue to deliver top-quality shows throughout next summer,” the statement read.

However, a studio executive says the show was cancelled due to disappointing ratings.

The studio “could have renewed the show but could not create a viable economic business model to move forward,” he told the New York Times.

The executive chose to remain anonymous because he spoke before Warner Brothers had released its statement.

Several daytime talk shows have been unable to build an audience recently. Even television pros like Katie Couric, Jeff Probst and Ricki Lake have seen their shows debut to lackluster ratings.

The executive said the cancelation “was not a reflection of any lack of faith in Mr. Cooper,” but rather a testament to the state of daytime television.

While sad that the show will be ending, Cooper will not want for work.

“I am very proud of the work that our terrific staff has put into launching and sustaining our show for two seasons. I am also grateful to Telepictures for giving me the opportunity, and indebted to viewers, who have responded so positively. I look forward to doing more great shows this season, and though I’m sorry we won’t be continuing, I have truly enjoyed it,” he said in his own statement.

The iconic journalist was on assignment for CNN in New Jersey Monday, covering Hurricane Sandy, according to the Times.

"I will be along the New Jersey shore tonight," he Tweeted Monday.

He will continue to be a prime time staple on his CNN show, Anderson Cooper 360, and do TV magazine segments on CBS's 60 Minutes.