All My Children canceled after 41 years!

After 41 years on the air, All My Children, is reportedly set to be canceled.

The soap opera which is set in the apochryphal Philadelphia suburb of Pine Valley (usually interpreted as Bryn Mawr) will be axed later this week, according to reports.

It’s believed the program will be replaced with a talk show, which is much cheaper to producer.

All My Children has been running continuously since 1970; recently, it earned longtime daytime actress Susan Lucci a Daytime Emmy.

Ratings for daytime soaps have slipped across the board, with CBS canceling Guiding Light and As The World Turns and NBC canceling Passions.

Recently, ABC moved production of All My Children from New York to Los Angeles in order to save on production costs. The show’s ratings have dropped about one-and-a-half points since 2000.