Is Katie Cancelled?

Today, Marissa Mayer, CEO of Yahoo announced that Katie Couric is joining Yahoo as their “Global Anchor,” leading a growing team of correspondents at Yahoo News. However, she does note in her welcome to Couric that she will continue to host her daytime talk show, KATIE.

But how much longer will she have a daytime talk show to host? Disney/ABC TV originally signed Couric to a two-year deal, but according to The Hollywood Reporter, KATIE seeing a third year is looking more and more unlikely as time goes on.

With weak ratings, a big budget and reported internal strife, KATIE could be on the chopping block, and Couric’s deal with Yahoo could be a backup plan in case of cancelation. A decision on KATIE’s future should be made very soon, and the axing of the chat show would likely please the multitude of soap fans who resented the program’s taking GENERAL HOSPITAL’s time slot in most markets, bumping the soap to an earlier hour.