We "have" a few more episodes of the beloved, long-running OWN drama left, after which we all become "have nots."

The show is midway through its eighth season, and the news of its cancellation came as it went into mid-season hiatus. The back half of this now-final season will premiere in May.

The series has been a flagship for OWN, helping revive its ratings after a few rough early years, and it seems that no one is sadder to see it go than Oprah Winfrey herself (she's the "O" and "W" in OWN, in case you didn't know).

"'The Haves and the Have Nots' was the first scripted drama we aired on OWN, and to say it took off from the first day it hit the air is an understatement," she said in the official announcement of the show's cancellation. "I will be watching alongside you all during this final season."

She didn't say why the show is ending, but we can make some guesses. Its ratings have been falling pretty steadily over the past few seasons — the first half of Season 8 drew just over a million sets of eyes on average, whereas last season drew an average of 1.32 million, and early in the show's run, that number was nearly double at close to 3 million.

But a bigger factor is likely that Tyler Perry has a new deal with ViacomCBS. "The Haves and the Have Nots" was the last of the many shows Perry produced for OWN before moving over to produce for ViacomCBS's BET.

It's nice that OWN is giving us so much advanced notice. Fans have gotten attached to the twisting, intricate lives depicted on the show, and they will surely want to tune in to see how, and if, those stories are resolved.

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