Channel 10 sitcom The Unicorn is canceled after two seasons

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Channel 10 to cancel hit TV series after two seasons … after the network’s US parent company suffered a crushing financial blow

Channel 10 comedy series The Unicorn has been discontinued after just two seasons by the American parent company CBS.

The American sitcom is about a widowed father who is a devoted parent of two teenage daughters who are returning to the dating scene.

The show, which will be broadcast on multi-channel 10 Peach, premiered in November 2019.

Axed: Channel 10 comedy series The Unicorn has been discontinued after just two seasons by the American parent company CBS

It stars Walton Goggins, Rob Corddry, Michaela Watkins, Omar Miller, Maya Lynne Robinson, Ruby Jay, Makenzie Moss and Devin Bright.

Walton plays widower Wade who tries to make the most of his life as a single father.

He is then smitten with Shannon, played by Natalie Zea.

Plot: The American sitcom is about a widowed father and a devoted parent of two teenage daughters who return to the dating scene

Plot: The American sitcom is about a widowed father and a devoted parent of two teenage daughters who return to the dating scene

The announcement comes after a crushing financial blow to Channel 10’s US parent company cast a dark cloud over the Australian broadcaster’s future.

ViacomCBS shares fell a whopping 55 percent in a week in March, causing an uproar in the media conglomerate.

And a beleaguered Channel 10 could pay a price for the losses, with “ devastating cuts ” on the horizon, according to industry website TV Blackbox.

When the US media giant’s stock price plunged in 2020, it was followed by a series of savage cuts to Channel 10 that claimed the scalps of beloved network stars Kerri-Anne Kennerley and weather forecaster Tim Bailey.

Troubled: The announcement comes after a financial blow to 10's U.S. parent company cast a dark cloud over the broadcaster's future.  Pictured The Bachelor host Osher Günsberg

Troubled: The announcement comes after a financial blow to 10’s U.S. parent company cast a dark cloud over the broadcaster’s future. Pictured The Bachelor host Osher Günsberg

ViacomCBS stock prices went into free fall, plummeting from a record $ 100.34 on March 22 to a price of $ 44.60 on April 1.

The company was “plagued by a confluence of factors that … crashed the stock price,” Yahoo! reported. Finances on Tuesday.

Those factors include a recent stock offering designed to help fund investment in streaming content that diluted the stock price, and several analysts tweaking the company down.

Regarding: ViacomCBS stock prices went into free fall, plummeting from a record $ 100.34 on March 22nd to a price of $ 44.60 on April 1.  Pictured The Amazing Race presenter Beau Ryan

Regarding: ViacomCBS stock prices went into free fall, plummeting from a record $ 100.34 on March 22nd to a price of $ 44.60 on April 1. Pictured The Amazing Race presenter Beau Ryan

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