Fox has canceled late-night sketch comedy veteran "MadTV," one of its longest-running shows.The Saturday-night mainstay's current 14th season will be its last on the network, Fox sources said. However, the show's co-creator, David Salzman, said he plans to shop "MadTV" to cable networks and other outlets.
Fox told Salzman the show had become too expensive considering its time period and ratings. Unlike dramas and comedies that suffer the broadcast ax, however, Salzman believes his show's budget can be scaled back to suit a cable network.
In one respect, the timing of the cancellation is fortuitous -- the show's licensing deal with Comedy Central, which airs the show's first 11 seasons in repeats, is set to expire at year's end. Salzman can offer buyers the exclusive rights to air the show's library of content if they pick up the show, or sell the show and its library separately.
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