Anderson Cooper, 45, will not be returning to his daytime talk show, Anderson, for a third season, due to flagging ratings that are down 20% from last fall to finish up at 1.3 million viewers.

"We are extremely proud of Anderson and the show that he and the entire production team have produced," said Warner Bros. Telepictures, which produces Anderson, in a statement. "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."

There are rumors that Warner Bros. wants to open up space for a talk show for someone like Bethenny Frankel or Queen Latifah, reports USA Today. Cooper will reportedly continue to concentrate on his CNN news show, Anderson 360 and his role as a contributor on 60 Minutes.

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