Peacock cancels comedies "Based on a True Story" and "Mr. Throwback" after limited seasons.

Peacock has canceled two of its comedy series, "Based on a True Story" and "Mr. Throwback," after their second and first seasons, respectively. "Based on a True Story," starring Kaley Cuoco, was a dark comedic thriller that ended without a third season, disappointing actors who hoped for closure. Specific reasons for the cancellations were not disclosed, but low ratings or lack of financial incentive could be factors.