The cancellation follows the merger of MTV's parent company, Paramount, with Skydance. This corporate merger has resulted in thousands of company-wide layoffs across Paramount.
Created and hosted by Rob Dyrdek, the series premiered in 2011, with its most recent episode airing just last night.
The show, which featured Dyrdek, Steelo Brim, and Lauren “Lolo” Wood, involved mocking viral internet videos, and MTV plans to refresh its programming slate.
The cancellation comes on the heels of a new Bloomberg report that the network was paying Dyrdek $32 million per year.