Update:: Broadcasting & Cable's Alex Weprin reports that "It's Complicated" has not been canceled, contrary to the New York Post report:
The truth isn't quite that simple. A representative for E! says that the show has not been cancelled, but its future is still unclear.
"No, it hasn't been canceled," the spokesperson says. "It performs well for us and decisions are still being made regarding a second season"
According to the network, the premiere episode of It's Complicated was the third most watched premiere in network history, and has averaged over 1 million total viewers for each new episode the rest of the season.
Earlier, the New York Post reported that E! had canceled the reality show:
E! has pink-slipped Denise Richards' reality show.
Richards, who went to court last year to fight ex-husband Charlie Sheen for rights to have their children appear on the show "It's Complicated," turned out to be a less-than-stellar reality star.
A show low-light was her confrontation with an editor for a magazine over how she has been portrayed in the tabloid press.