Beloved teen soap The O.C. has been canceled due to falling ratings following actress Mischa Barton's decision to quit the show. The once-hit series joins former Megan Mullally's new chat show as the first TV casualties of the new year in America.

Mullally's much-criticized show will end immediately, while "The O.C." will see out its current season. The final episode of the series will air on February 22.

In a statement released yesterday, "The O.C." creator Josh Schwartz said, "It has been an amazing experience and a great run. For a certain audience, at a certain time, 'The O.C.' has meant something. For that we are grateful."

(This news article provided by World Entertainment News Network)