'The Nightly Show' season 3 cancellation news: Comedy Central axes Larry Wilmore's late-night talk show due to poor ratings

"The Nightly Show with Larry Wilmore" is coming to an end.

On Monday, Aug. 15, Comedy Central confirmed that Thursday's episode will be the late-night panel talk show's last.

After Thursday, Comedy Central will fill in the 11:30 p.m. time slot vacated by "The Nightly Show" with "@midnight," the Internet-based game show hosted by Chris Hardwick, until a permanent replacement is determined.

In an interview with The New York Times, Comedy Central president Kent Alterman explained the decision to cancel "The Nightly Show," saying, "Even though we've given it a year and a half, we've been hoping against hope that it would start to click with our audience, but it hasn't happened and we've haven't seen evidence of it happening."

According to Alterman, the network had hoped that the current election season would help improve viewership. But even with the eventful two weeks of conventions, the Comedy Central boss said that the show failed to increase ratings, generate social media buzz, and become part of the general conversation.

In a statement to The Hollywood Reporter about his show's cancellation, Wilmore, who reportedly informed his staff about the cancellation of "The Nightly Show" on Monday, said, "I'm really grateful to Comedy Central, Jon Stewart, and our fans to have had this opportunity."

"But I'm also saddened and surprised we won't be covering this crazy election or 'The Unblackening' as we've coined it," he added. "And keeping it 100, I guess I hadn't counted on 'The Unblackening' happening to my time slot as well."

"The Nightly Show" debuted in 2015 as a replacement to "The Colbert Report" after Stephen Colbert left Comedy Central to host "The Late Show" on CBS. It was Jon Stewart, with whom Wilmore worked on "The Daily Show" (in which Wilmore was "Senior Black Correspondent") who pitched the idea for "The Nightly Show" and tapped Wilmore to be its host.

Apart from his work on "The Nightly Show," Wilmore is an executive producer on ABC's "Black-ish" and creator/producer of the upcoming HBO comedy "Insecure."