Denyer announced that the Channel 10 show was being axed on his then-radio program, 2DayFM Breakfast with Em, Grant & Ed.
The tv host also admitted that the show - which aired 1200 episodes before it's cancellation - may have suffered dismal ratings at Network Ten's hands.
"We're probably guilty, if anything, of driving it into the ground a little bit too early," Denyer confessed.
"Six days a week, twice a day, plus All-Star episodes, we might have squeezed that lemon a little bit too much," the Celebrity Name Game host continued.
However, he will be joining Gogglebox's Yvie Jones to host a national Summer Breakfast show for the Hit Network in December.
"Grant and Yvie are both much loved members of the Hit Network and we are thrilled to announced they will be on air this December as part of our national summer breakfast line-up," Gemma Fordham, Head of the Hit Network said.
The Grant & Yvie show will run for two weeks, and the Hit Network believes the fun pair will bring the laughs.