Fox Cancels ‘American Idol’

The curtain is finally coming down over at Fox: American Idol is being canceled. The reality competition show will end its 15-year run after the upcoming season, finishing in 2016.

The announcement came this morning ahead of Fox’s fall programming presentation to advertisers at the annual Up Fronts. While Idol has fallen out of the pop-culture limelight — its ratings have slid pretty badly over the last few years — there was a time when it was the TV giant.

Below, Bloomberg’s Lucas Shaw and Paul Sweeney examine why Fox is pulling the plug on the show and look at the advertising shift from television to digital media.

American Idol was known as a singer’s possible slingshot to fame. Notable names who came from the show include first season winner Kelly Clarkson and superstar Carrie Underwood. Even runner-up performers like Clay Aiken, Fantasia Barrino and Oscar-winner Jennifer Hudson found their own fame thanks to the show’s success.

According to reports, the show will return in January for its farewell season. Judges will include Jennifer Lopez, Keith Urban and Harry Connick, Jr., and Ryan Seacrest will remain on hosting duties. Seacrest is the only original cast member to remain throughout the show’s entire run.