Goodbye, "Hannah Montana"

Miley Cyrus is ready to hang up her blond Hannah Montana wig.

Cyrus' father and co-star Billy Ray Cyrus announced there will be just one more season of the show that made his daughter a star, Early Show national correspondent Hattie Kauffman reported Tuesday.

Lynette Rice, a senior writer for Entertainment Weekly told CBS News, "('Hannah Montana') started off as this little show that could, but then it just exploded into something huge."

"Hannah Montana" tells the story of a teen pop star who tries to live a normal life by keeping her identity a secret.

Kauffman asked Cyrus recently if her life is a little like her character's, and Cyrus said her life is "so much like it."

"At first, it wasn't," Cyrus added, "because I didn't know what this whole life was about."

Kauffman reported the 16-year-old star made $18 million last year, and her "Best of Both Worlds" movie was the biggest concert film of all-time.

Rice said, "She's seen something beyond television; she's seeing a concert life, she's seeing life as a movie star, and she's proven that she can have that."

This is the fourth season of "Hannah Montana." Billy Ray Cyrus told Access Hollywood he gives "a lot of credit to Miley for taking it another year."

"She didn't want it to just end with whatever was the last episode we did," Billy Ray told Access Hollywood. "She wanted it to build to where there's a moral to the story, to where it doesn't just end and go away and that's it. She wanted there to be an official ending to 'Hannah Montana." '