Anderson Cooper's daytime talk show "Anderson Live" has not been renewed by Warner Bros. for a third season.

Telepictures, which syndicates the Warner Brothers-produced show, announced on Monday that "Anderson Live" underwent many changes in its second season to boost ratings. However, after failed attempts to get numbers up and spike audience interest, it was decided that the show would be canceled, according to E! News.

"We are extremely proud of Anderson and the show that he and the entire production team have produced," a statement from Telepictures said. "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."

The recent season of "Anderson Live," dating through Oct. 16, averaged at 1.3 million viewers - down 20 percent from last fall, according to USA Today. The report also added that to draw comparisons, Dr. Phil's show attracts 4 million viewers and Katie Couric's pulls in 2.4 million.

In his own released statement, Cooper talked about his joy working on the first two seasons of the show, which debuted in the fall of 2011, and how sorry he was that "Live" was not continuing. He said the following:

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

Cooper still has his CNN show "Anderson Cooper 360" and he also acts as a contributing reported on "60 Minutes."

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