Has MTV Canceled The City? (Updated)

With The Hills airing its final season, rumors are swirling that the show's NYC cousin, The City, has been canceled. Is this the end of the Whitney Port/Olivia Palermo vehicle? We've contacted MTV for comment and are awaiting a response.

Update: MTV honcho Tony DiSanto tells GossipCop.com that the rumor is "totally 100 percent not true." Have any additional info? Email us if you do.