Ashton Kutcher and Demi Moore arrive at a party for the book 'Half the Sky: Turning Oppression into Opportunity for Women Worldwide' in New York, Wednesday, Sept. 23, 2009. [Agencies]

NEW YORK – The CW network's "The Beautiful Life: TBL" has become the first television series from the new fall crop to be canceled.

The network says it's being pulled after only two episodes aired.

The drama starred Mischa Barton and Sara Paxton and was executive produced by Ashton Kutcher. It was set in the glamorous modeling world of New York City.

It premiered Sept. 16 to just 1.5 million viewers. The audience dropped for this week's episode.

In its place on Wednesdays at 9 p.m. Eastern the CW will repeat episodes of its promising new "Melrose Place" revival, one day after their original airing.