Some bad news greeted David Hasselhoff today as he rehearses for a London production of 'Peter Pan': A&E has canceled his new reality show after only two episodes.

The network announced the offing of 'The Hasselhoffs' late Thursday. It premiered Dec. 5 with 718,000 viewers but the audience dipped to 505,000 for its second half-hour episode.

The show centered on the 'Baywatch' alum as he guides the entertainment careers of his daughters Taylor Ann and Hayley. The remaining eight episodes will likely be left off the schedule.