Debmar-Mercury attributed the cancellation to the "evolving daytime television landscape" but affirmed their belief in the show and its host, Sherri Shepherd.
Production for the show's fourth season will proceed as scheduled, with the final episodes expected to air in the autumn.
This announcement follows closely after Kelly Clarkson revealed the end of her eponymous NBC talk show after seven seasons.
Clarkson stated her decision was made to prioritise her children, following the death of her ex-husband, Brandon Blackstock, last year.
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