Daytime soap operas got a crushing blow Thursday as it was announced that ABC will cancel All My Children and One Life to Live.

The network will replace the shows with two lifestyle shows titled The Chew and The Revolution, according to a report from Entertainment Weekly.

All My Children will finishing airing in September, while One Life To Live will be cut in January 2012.

These new shows expand ABC Daytime's focus to include more programming that is informative and authentic and centers on transformation, food and lifestyle -- cornerstones of programming that resonates with daytime viewers as evidenced by the success of The View, ABC said in a statement,

ABC said they recognize the significance and bittersweet emotions that come with this decision.

While we are excited about our new shows and the shift in our business, I can't help but recognize how bittersweet the change is, said ABC Daytime President Brian Frons in a statement.

We are taking this bold step to expand our business because viewers are looking for different types of programming these days. They are telling us there is room for informative, authentic and fun shows that are relatable, offer a wide variety of opinions and focus on real life takeaways. A perfect example of this is The View, and that factored into our decision. The Chew and The Revolution are in the same vein and will be great additions to the lineup, with The View serving as an ideal foundation from which to launch these programs. They will also provide enormous opportunity for the creation of ancillary businesses and growth.

The main reason behind ABC's decision to cancel All My Children and One Life to Live was the costs of maintaining old soaps. According to Entertainment Weekly, All My Children averages 2.5 million and ranks No. 5 in women 18-49 among all soaps. One Life to Live averages 2.5 million and ranks No. 4.

According to Entertainment Weekly, the actors on both soaps were only informed of the decision 20 minutes before it was announced to the media.

General Hospital, which is the third most-watched program in daytime, will not be affected by these changes.