I'm hearing from multiple writers on FXX's Totally Biased With W. Kamau Bell that the show has been officially cancelled by FX.
The show, which is currently in its second season, just moved to FXX this season, after FX launched their secondary network this summer. Hosted by stand-up comedian Bell, its known for intelligently skewering news and current events, and boasts a writing staff of all stand-up comedians.
I reached out to FX, and did not receive immediate comment. This story is still developing, and I'll keep you updated as we learn more.
Second Update: FX's PR rep, John Solberg, just got back to me to confirm that the show has indeed been cancelled. Per Solberg, "It's a bummer. We love the show, he [Bell] is an incredible talent. Unfortunately the ratings didn't meet the expectations; that's why we had to make the decision. The final show will air Sunday night."