NEW YORK (CNN/Money) - CNBC is canceling "Dennis Miller" in an attempt to revive the network's struggling primetime, according to Variety.

"Dennis Miller" will be replaced with a second airing of "Mad Money With Jim Cramer" at 9 p.m. ET.

The network will also replace "Late Night With Conan O'Brien" with a new business show at 7 p.m. that will debut in the third quarter.

Both moves are part of a repositioning of CNBC's primetime back to the network's focus on financial news and away from failed attempts at entertainment, according to the report.

CNBC President Mark Hoffman said the changes are meant to give the West Coast more opportunities to see the network's signature shows during business hours.

Miller's cancellation comes on the heels of the cancellation of shows hosted by John McEnroe and Tina Brown.

Miller drew an average of 107,000 viewers during April, a 59 percent drop from last year during the same time period, according to the report.

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