'Nashville' Season 5 News: Find Out Why Series Couldn't Be Renewed On ABC [VIDEO]

More details have been exposed on the surprising cancellation of Nashville.

Luckily, the series ended up getting renewed on CMT following its departure from ABC, but there were still some questions on how the decision came about to not let it continue on ABC.

On Thursday, Deadline posted details from ABC Entertainment President Channing Dungey who explained that the show simply couldn't continue due to financial issues.

"Nashville is a show that I personally truly loved, and to not have it back was a little bit of a heartbreak for me," Dungey revealed. "There are always a lot of things to consider in terms of your ability to bring a show back or not. We had lots of conversations with (Nashville producers) Lionsgate and with ABC Studios, and at the end of the day, it just did not feel like it was going to be something that we could work out."

Dungey also mentioned how "thrilled" she is that the series will continue on CMT "because now I can keep watching it."

She then explained the reason why another show on ABC got the axe despite its popularity-- Castle.

"We were always very upfront with the studio and the producers about the possibility that we might not be bringing the show back for Season 9, but the studio has to do what they need to do in order to prepare for the possibility of a Season 9," Dungey said. "So they did what they felt they needed to do in order to be ready should they get the nod. Ultimately, for us at the network, we did not feel that it was the right thing to do to order another season."

Nashville Season 5 is expected to premiere this fall on CMT.

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