TV Squad HQ just received a missive from Warner Brothers and The CW. It's a joint statement that says that Gilmore Girls will air its series finale on May 15th (A representative for Warner Brothers confirmed the note).

Yes, you heard me: series finale. After seven seasons, it looks like both the studio and the network have decided to pull the plug and end the show. There were rumors floating around that co-star Alexis Bledel was not going to sign a new contract for an 8th season, and the show couldn't really continue without her. Given the middling quality of the episodes this year, especially in the extremely rocky first half of the season, this seems like the right time to end the show, though it now seems like we're in a rush to the finish line to try to tie up all the show's loose ends.

So, this means we have two episodes left. Do you think Rory will get married to Logan? Will Lorelai and Luke take that boat trip that Luke was going to go on with his daughter April? And do you folks think the show needed more time to resolve these storylines? Let me know in the comments. The joint statement is after the jump.

President Bush has asked the networks for some time on Monday night at 8pm for his immigration speech, so the networks are going to have to change things around a bit.

• NBC will shorten Deal Or No Deal to 90 minutes.
• FOX will show all of Prison Break and 24 after Bush's speech.

ABC (Oprah's Legend's Ball special and the Grey's Anatomy season finale) and CBS (comedy lineup and CSI: Miami) won't announce their plans until Monday.

[via TV Tattle]