CBS

All good things must come to an end.

Next season will be the last for television's longest running comedy, " Two and a Half Men."

CBS made the announcement earlier today when the network presented its 2014-15 schedule.

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"Chuck Lorre (series creator) is creating a season-long event," CBS' Nina Tassler announced today during the network's pre-upfront press breakfast in New York, according to The Hollywood Reporter. "We did very well last year with announcing the final season of 'How I Met You Mother' here, too. Chuck is very psyched about this. He's got some great ideas and very big surprises."

Tassler added, "We know fans and audiences respond to that and that should really give us a nice boost when we launch our new comedy."

The announcement comes following the sitcom's 11th season, which only drew a little over 8-9 million viewers a week.

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In it's heydey, the series could easily take in up to 17 million viewers a week.

Over its 12 years, the show has been through some high-profile changes. It's star, Charlie Sheen was famously fired in 2011 following a feud with Lorre, and replaced with Ashton Kutcher. More recently, co-star Angus T. Jones referred to himself as a "paid hypocrite" and urged people to stop watching the show after becoming a devout Seventh Day Adventist. Jones, who went from a series' regular to a recurring role, hasn't appeared in an episode since May 2013.

Emmy winner Jon Cryer has been with the show since the beginning and receives a reported $620,000 per half-hour, while his co-star, Kutcher is the highest-paid sitcom actor on television, earning a reported $700,000 per episode.