TV One has cancelled popular news series, NewsOne Now, hosted by Roland Martin. In a public statement, the network claims budget cuts are to blame and that they fully intend to work with Martin in the future.

In a memo to staffers obtained by The New York Post, TV One’s interim GM Michelle Rice wrote;

“While we will continue our long-standing partnership with Roland Martin to ensure his important voice can be heard across all Urban One platforms examining issues of importance to the black community, we regret this decision adversely affects several of our valued colleagues whose positions will be eliminated with the suspension of the show.”

The veteran journalist and syndicated columnist reacted to the news via Twitter, confirming that his last live show will film in the coming weeks.

“Fam, the sad news is true. The staff of @tvonetv #NewsOneNow was informed this afternoon that after four years of doing groundbreaking and award-winning work, the show will cease production at the end of the year. Our last live show will be Dec. 21.”

Martin continued, “The emails, text messages, phone calls, Facebook and Twitter posts have been amazing. Your love for our work on @tvonetv #NewsOneNow is warming my heart and that of my staff. To read these amazing comments about how much the show meant to you is unbelievable. Thank you! Thank you! Thank you!”