The latest fatality in the cable network TV show universe is USA's "Graceland." The show recently wrapped its third season run on the cable network, and there was every indication the show was in line to see Season 4. But now, that hope has proved to be false.

News of the cancellation comes from show co-creator Jeff Eastin via his Twitter page.

According to Deadline, the series did fairly well with an average of 1.7 million viewers every week, and 784,000 of those viewers were from the highly sought after "adults 18-49" demographic. Of course, those are "Live + 7" numbers, which is necessary in today's digital word where shows get recorded and played back by a large majority of American audiences.

For the most part, the show was said to have enough creative juice flowing through it to keep the network happy. That gave fans and producers alike the likely hope that Season 4 was on the horizon. But not everything turns out like one hopes.

The move to cancel the series came after the network met with Fox 21. Apparently there was a breakdown in the future of the show, and it has officially been canceled. It is unclear at this time if this is a contract issue or a ratings issue that led to the decision.

But USA has had a track record to use that similar rationale to cut other shows short as well. Such was the case with "Complications," "White Collar" and "Burn Notice" when they ultimately met their own demise.

In the end, the network did not see any justification with keeping the shows on the air, shows which they did not even own. So for the most part, it was a financial decision to end this show, among others.

It might also be worth mentioning that Fox 21 has been a major supplier for content on USA, and now they only have one show left on the network, "Queen Of The South." This a clear indication that USA is moving towards all original content that is owned by the network.