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CNBC Cancels Reality Series -- 'We Were in for a Bumpy Ride,' Exec Says THR

CNBC said it remains committed to reality programming, even after canceling one of its first reality shows. The Hollywood Reporter's Live Feed reports that the cable channel reaffirmed its commitment after canceling "Crowd Rules."

"We knew we were in for a bumpy ride," said Jim Ackerman, CNBC's senior vice president of prime-time alternative programming. "There's a lot of stuff out there -- you have to be willing to take shots. And you have to be willing to say, hey that didn't work, let's move on. The commitment is as strong as ever."

The network announced an expanded reality slate at a session of the Television Critics Association press tour, the story says. The network has renewed "The Car Chasers" and will debut "Money Talks," featuring Steve Stevens of VIP Sports in Las Vegas.

CNBC is also casting for the second season of "The Profit," which is about an entrepreneur looking for small businesses to invest in.