Wow - Is Olivia Pope's story coming to an end? After 7 seasons, the answer is yes according to THR:
A formal announcement is expected to come at ABC's upfront presentation next week.
They continue:
The network is expected to announce at next week's upfront presentation that the Shonda Rhimes drama starring Kerry Washington will end with its previously announced seventh season. ABC, producers ABC Studios and Shondaland declined comment.