No more The Daily Show? More4, I Am Disappoint.

More4's only decent show, The Daily Show with Jon Stewart, is going from 4 nights a week to the once-per-week highlights show (Global Edition). Source.

TDS was the only reason for More4 to exist, as far as I'm concerned. Their justification for chopping it is particularly ironic:

More 4 have said that the reason for this is that it wants to concentrate on ‘high end’ American programming.To this end they have purchased and intend to show the US version of Shameless!

Or in other words, their commitment to "high end" US TV means they've dropped the high-end US programme in favour of a rehash of a broad UK drama. Marvellous.

If you don't like this decision, you can complain here (I have).