ABC has announced it is canceling its U.S. dramedy series "Ugly Betty" after its current fourth season.

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"We've mutually come to the difficult decision to make this 'Ugly Betty's' final season, and are announcing now as we want to allow the show ample time to write a satisfying conclusion," the network and show's producers said in a statement issued to The Hollywood Reporter Wednesday.

"We are extremely proud of this groundbreaking series, and felt it was important to give the fans a proper farewell."

The entertainment trade newspaper said the decision was made because the show's ratings have been declining in recent years.