Anderson Cooper's daytime talk show "Anderson" has been canceled after just two seasons, it was confirmed Monday.

The renowned CNN journalist made his talk show debut on Sept. 12, 2011, and featured a number of high profile guests including "Fashion Police" co-host Kelly Osbourne, Olympic gold medalist Ryan Lochte and his good friend Andy Cohen, a Bravo TV network executive.

"I am very proud of the work that our terrific staff has put into launching and sustaining our show for two seasons, I am grateful to Telepictures for giving me the opportunity, and I am indebted to the audience, who have responded so positively," Anderson said in a statement, according to MailOnline.com. "I look forward to doing more great shows this season, and I'm sorry we won't be continuing, but I have truly enjoyed it."

Despite speculation that the show struggled to maintain favorable ratings, it is believed that the cancellation decision was solely economic. The show is distributed by Warner Bros. Television in the United States and Canada and the network blamed a "difficult" marketplace for its decision to cancel the talk show.

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

Anderson, 45, made headlines in July when he openly revealed that he is a "proud" homosexual. Some critics accused him of trying to boost ratings for his show although he later denied the allegations.

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"The fact is, I'm gay, always have been, always will be, and I couldn't be any more happy, comfortable with myself, and proud," Anderson said in an email statement to The Daily Beast.