Good thing she's a millionairess, thanks to SkinnyGirl margaritas!

Former "Real Housewives of New York" star Bethenny Frankel was handed her walking papers today, after the corporations, Telepictures Productions and Fox that controlled her talk show, 'Bethenny,' weren't pleased with the show's ratings and losing 70 percent of its' audience lead to their decision.

According to Deadline.com, competition from Meredith Vieira‘s talk show was cited as a chief factor in the decision-making process -- to cancel Bethenny's daytime talk show.

“While we are disappointed not to be able to bring the series back for a second season” the company said, “we remain convinced that she has a unique voice and that she will continue to be successful.”

Frankel also released a statement, and said:

“I had a blast doing this show with Telepictures … my entire staff worked so hard and made everyday so much fun.

“I am thankful for the experience and for all my fans who tuned in every day.”

Telepictures said that despite the decision, they still see big things in Bethenny’s future.

The show, which was executive produced by Ellen DeGeneres, ends after just one year, having racked up a soft rating of 0.9 (a dismal) and a #14 ranking in the talk show genre.

Ellen is believed to have helped salvaged the show!