The two hosts, Farrow and Joy Reid, both acknowledged the news of the cancellations in tweets late Thursday.
"Excited about new role -- more to come soon," Farrow tweeted.
Farrow, the son of actress Mia Farrow, had been on the air about a year with the network.
And Reid tweeted: "When one door closes, others open."
Related: Majority say Brian Williams should be allowed back
MSNBC had hoped that Farrow's high profile with younger viewers -- he has 276,000 followers on Twitter -- would help draw an audience.
But the two shows, which aired at 1 p.m. and 2 p.m. ET, had suffered from very low ratings.
One day earlier this month, Farrow's ratings had fallen to 11,000 viewers in the key 25-to-54 demographic. That placed it well behind not only Fox News, CNN, CNBC & HLN but also behind Al Jazeera America.
Related: Bill O'Reilly's 'war zone' stories questioned
CNNMoney (New York) February 20, 2015: 8:38 AM ET
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