Update: WWE Smackdown! Not to be Cancelled

-- Despite rumors to the contrary, WWE Smackdown! is not about to be cancelled. Both UPN and WWE have stated that any rumors indicating that the show will be cancelled when its contract ends later this year are false. The story basically came to light after a reporter misinterpreted something but if it were indeed true, every major news and TV outlet would have already reported it.

Source: wrestlingobserver.com