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Vanessa Ives died in the last episode of season three, and the show will not return. Variety spoke to Showtime president David Nevins and âPenny Dreadfulâ creator John Logan about why they made the decision to end the show after making a grand total of 27 episodes. âThatâs where television is now,â Nevins said. âWe donât have to make seven seasons for the sake of making seven seasons.
Just Kidding, Timeless Isn't Canceled After All. May 13, 2017 1:16 PM EDT. True to form for a time travel adventure show, the clock has been turned back and NBC's Timeless has been saved from cancelation. The Eric Kripke/Shawn Ryan created hour-long drama was a fan favorite, though not a ratings powerhouse in its freshman sâ¦ Read more.