Couric broke the news to her staff just a couple of hours before she hosted a holiday party for them. She told them that the show has been canceled, and it won't be back for a third season.
It had been rumored that the show would be canceled because of slow performance in the two seasons it has been on the air. Furthermore, Couric had her own doubts about wanting to continue after the second season.
Couric and ABC made a joint announcement to cancel the show. They “mutually agreed that there will not be a third season of the show.”
When Couric broke the news to her staff, she told them she was proud of them. She also acknowledged the awkward timing of announcing the news two hours before their holiday party, but she wanted them to hear it from her.
So instead of a bonus, the staffers were given cashmere gloves as a holiday gift from Couric.
The second season does not end until June 2014. “Katie” will continue to tape new episodes until then to finish its second season.
"Katie" had stiff competition coming on at the same time as "Ellen" and "Steve Harvey."
Couric recently agreed to move to Yahoo! as its “global anchor.” She will reportedly make about $6 million a year while working part time.