All My Children

All My Children has been a daytime TV staple since 1970 but has the show and its fictitious Pine Valley, Penn., setting outworn its welcome?

Rumors of cancellation are circling around the popular show that finally delivered Susan Lucci her Daytime Emmy. Various reports claim that ABC is considering reducing its afternoon drama lineup from three to two hours to make room for a new talk show, which could send AMC to the chopping block.

But a rep for ABC Daytime shoots down the claims, telling PEOPLE in a statement, "Piece is just the latest story in a long line of stories about this same topic."