The final episodes of the two shows will air in September 2011 and January 2012 respectively, ABC said in a statement.
ABC said the two soap operas would be replaced by new programming focused on "transformation, food and lifestyle", saying that audience research had shown that these issues were of more interest to viewers.
"All My Children", about the lives of resident in fictional Pine Valley, made its debut on ABC in 1970. "One Life to Live" set in the fictional town of Llanview, began airing in 1968. Both shows have won multiple awards, including daytime Emmys, and earned praise for tackling social issues including alcoholism, AIDS and illiteracy.
ABC has announced they are canceling two of their daytime soap operas "One Life to Live" and "All My Children."
"'All My Children' and 'One Life to Live' are iconic pieces of television that have made an indelible mark on our culture's history," says Brian Frons, President, Daytime, Disney ABC/Television Group, in a statement. "Each of the shows has touched millions and millions of viewers and informed the social consciousness. It has been a privilege to work with the extraordinary teams who brought the residents of Pine Valley and Llanview to life each day, and we thank the cast, crew, producers and most especially the fans for their commitment to the shows through their history."
Frons insists each show will end in a manner that will respect their legacies and honor their passionate audiences. Soap opera fans can at least find a bit of solace in this news: "General Hospital" will remain on the air.
NEW YORK -- ABC announced Thursday that it is canceling the long-running and iconic soap operas "All My Children" and "One Life To Live."
After more than 40 years on the air, All My Children will end its run in late September, the network announced.
One Life to Live will bring its long run to a close in January 2012.
Both programs will be replaced by lifestyle or talk shows.
The new programs are The Chew and The Revolution."
General Hospital, the second most popular show in daytime, is not affected by this announcement and remains on the air.
ABC said the decision was guided by extensive research into what todays daytime viewers want and the changing viewing patterns of the audience.
All My Children premiered on the ABC Television Network on Jan. 5, 1970, as a half-hour show; seven years later it expanded to an hour.
One Life to Live debuted on ABC on July 15, 1968, as a half hour show. Ten years later, it grew to a full hour.
"The new shows expand ABC Daytimes focus to include more programming that is informative and authentic and centers on transformation, food and lifestyle -- cornerstones of programming that resonates with daytime viewers, as evidenced by the success of The View," the network said in a press release announcing the move.
The Chew, will focus on food from every angle," the press release said. The Revolution is a one-stop shop for better living.