Dan Snierson
May 23, 2014 AT 05:53 PM EDT

Conan O’Brien received three extra years of job security from TBS last week, but Pete Holmes wasn’t so lucky today. The network has canceled his late-night talk show, EW has confirmed.

The Pete Holmes Show, which began its second cycle of episodes in February, will air its final installment in the post-Conan midnight slot on June 19. The half-hour series, which is executive produced by O’Brien and debuted last fall, features an emphasis on sketch comedy and a monologue that traffics in personal anecdotes rather than topical jokes. TBS said in a statement: “We recognize Pete as one of the most relevant comedians working today. We loved the show and gave it two chances, we just couldn’t draw the audience needed to justify a third round. We hope we’ll get to work with him again.”

The previous talk show in the time slot, Lopez Tonight, was canceled in 2011. George Lopez’s show originally aired at 11 p.m. but was moved to the midnight hour when Conan debuted.

The Hollywood Reporter first reported the news.

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