Good news: The Newsroom is officially back for season 3.

Bad news: The Newsroom season 3 is the show’s last.

The announcement was made Monday afternoon via press release. “The Newsroom is classic Aaron Sorkin – smart, riveting and thought-provoking,” said Michael Lombardo, president, HBO Programming. “I’m sure this farewell season will be one to remember.”

Related: Five real stories we’d love to see in season 3

Rumors about The Newsroom’s season 3 renewal started last September when lead star Jeff Daniels said it was official, but HBO quickly denied the tweet held water. Until today we didn’t know that the channel was considering making the third outing the show’s last.

Season 3 will premiere in the fall (the first two seasons aired during the summer), and production will begin this spring.

The Newsroom stars Jeff Daniels, Emily Mortimer, Sam Waterston, John Gallagher, Jr., Alison Pill, Thomas Sadoski, Dev Patel and Olivia Munn. Season 2 of the HBO drama wrapped in September and depicted the ACN news team covering the 2012 Presidential Election pitting President Obama against Republican nominee Mitt Romney. Read our recap of the season finale to get caught up on where things were left off.

HBO announced last week that Boardwalk Empire will be coming to a close after season 5 airs this year. We also know that True Blood season 7 is the show’s last.

Does ‘The Newsroom’ deserve to die this soon?