When TBS announced that Conan O'Brien would be taking over George Lopez's 11PM time slot for his new late night show last year, the first person to congratulate Coco on his new job was Lopez himself, whose 'Lopez Tonight' was pushed an hour later to midnight.

TBS announced yesterday that it had decided to cancel 'Lopez Tonight' instead of ordering a third season of the talk show, and Thursday's show will be the series finale. "TBS has reached the difficult decision not to order a third season of 'Lopez Tonight.' Thursday will be the final episode of the show," the network said in a statement.

Ever the comedian, Lopez told viewers on his show Wednesday night that he'll be okay ... sort of. "Like every TV star before me, I'mma find some crack. I'mma get on the pipe! Lose that unwanted 110 pounds I wanted to lose," he joked. "But I'm taking it good, I'm straight, believe me. I'm fine. My goddesses are a wreck."

O'Brien took a more serious, heartfelt approach on his show Wednesday night, and thanked Lopez for his support and friendship over the past year. "Had it not been for George being so incredibly supportive of me a year and a half ago, I would not have come to TBS and we would not be doing this show right now," he said.

"I owe that man a lot, and frankly, it makes me very sad that TBS and George could not work this out," O'Brien continued. "I really like being a part of a late night lineup with George, and I wish that this could've continued. So tonight, all of our thoughts are with George and his entire staff and crew. We understand, believe me, how hard this is for all of you, and we wish you all the best."

Tell us: Are you upset that 'Lopez Tonight' was canceled? What should George Lopez do next?